Business

Pakistan’s leading MNC records 20% hike in profit

KARACHI: Pakistan’s leading multinational corporation (MNC) concentrating on food and beverage products had their net earnings jump by 20% during January to September in 2015.

According to details, Nestle Pakistan’s profit jumped by 20% in the first nine months of 2015. The multinational company’s surplus was recorded at Rs. 7.7 billion compared to Rs. 6.4 billion of last year.

The revenues of Nestle Pakistan also saw an increase of 4% to Rs77 billion in comparison to Rs74 billion last year.

“Despite prevalent socio-political situation of the country and the energy crisis, Nestlé Pakistan has witnessed an overall increase in its total revenue by almost Rs2.9 billion,” the company said in a press release.

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