Unilever Pakistan Limited announces financial results - 2009

Unilever Pakistan 2009 Financial Results

At its meeting held today, the 2^nd March 2010 at 09:30 Hrs at Karachi, our Board of Directors has approved the Audited Financial Statements of the Company for the year 2009.

In addition to the generally difficult operating environment that impacted the business in 2009, rampant smuggling of tea affected the growth and profitability of beverages segment. Despite this the company delivered 54% higher profit after tax on the back of strong and competitive 23.4% growth in sales. Sharper focus on enhancing consumer value in inflationary times, more impactful advertising and innovation, deeper and wider reach through improved customer connectivity and a continuing quest to find new ways of doing business have resulted in near doubling of turnover and profit over the last three years. This demonstrates the resilience of the company’s portfolio, the power of its brands, the effectiveness of its distribution, the validity of locally manufacturing over 95% of what we sell, and last but not the least, the quality of its people.

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