Nestlé Pakistan profit plunges

14.75pc in 1Q2020
By Hassan Naqvi
April 30, 2020

LAHORE: The Board of Directors of Nestlé Pakistan Limited (Nestlé) met on Thursday to review the
company’s performance and announce its financial results for the quarter ended March 31, 2020.

As per company’s financials, the food giant posted a profit after tax (PAT) of Rs1.939 billion as
compared to the PAT of Rs2.274 billion during the same period last year, showing a decrease of
14.75pc. During the period under review, the company reported a gross profit of Rs8.840 billion as
compared to gross profit of Rs8.770 billion during the same period last year, showing an increase of
0.8pc.

During the quarter ended March 31, Nestlé’s sales stood at Rs29.883 billion as compared to sales of
Rs29.136 billion during the same period last year, showing an increase of 2.56pc. During the quarter,
the company’s distribution and selling expenses decreased from Rs3.791 billion in 2019 to Rs3.570
billion, showing a decrease of 5.81pc. The Nestlé administration expenses during the period clocked in
at Rs1.216 billion as compared to administration expenses of Rs951.537 million during last year,
showing an increase of 27.82pc.

The food giant’s operating profit during the quarter ended March 31, 2020 stood at Rs4.054 billion as
compared to operating profit of Rs4.027 billion, showing an increase of 0.65pc. During the period
under review, Nestlé’s finance cost increased from Rs727.333 million in 2019 to Rs1.026 billion,
showing an increase of 41pc.

The company’s other operating expenses stood at Rs400.247 million as compared to other operating
expenses of Rs237.708 million during the same period last year, showing an increase of 68.4pc.
During the quarter, Nestlé’s other income decreased from Rs85.718 million in 2019 to Rs62.388
million, showing a decrease of 27.2pc.

Nestlé reported a profit before tax of Rs2.689 billion for the quarter ended March 31,2020 as
compared to profit before tax of Rs3.148 billion last year, showing a decrease of 14.6pc. During the
period under review, the company’s earnings per share stood at Rs42.76 as compared to Rs50.15
during the same period last year, showing a decrease of 14.7pc.
https://profit.pakistantoday.com.pk/2020/04/30/nestle-pakistan-profit-plunges-14-75pc-in-1q2020/
Corporate corner: Jubilee Life, BAJK sign
agreement
Consumers would benefit from innovative products as it renders financial
security and financial well-being

PRESS RELEASE  September 10, 2020

Bank of Azad Jammu & Kashmir (BAJK) and Jubilee Life Insurance Company
Limited have recently entered into a distribution alliance for Jubilee Life's insurance
products in order to augment the accessibility of insurance products and capitalise
on the significance of financial inclusion. The signing ceremony was held at a hotel
in Islamabad.
The consumers would benefit from innovative products as it renders financial
security and financial well-being. Jubilee Life Insurance Head of Bancassurance
Syed Rizwan Aziz, Bank of Azad Jammu & Kashmir President and CEO Khawar
Saeed along with other senior executives and representatives of the company
attended the signing ceremony.
Speaking at the occasion, Syed Rizwan Aziz said, "This Bancassurance ceremony
would enhance strategic penetration of insurance products and subsequently also
provide an opportunity to expand our product portfolio." 

https://tribune.com.pk/story/2263331/corporate-corner-jubilee-life-bajk-sign-agreement
 Security Paper Market 2020: key
Vendors, Trends, Analysis,
Segmentation, Forecast to 2025
Published: Sept. 3, 2020 at 12:36 a.m. ET

The scope of the report includes a detailed study of global and regional markets on Global Security
Paper Market with the reasons given for variations in the growth of the industry in certain regions.
Browse Full Report: https://www.marketresearchengine.com/security-paper-market
Security paper or against fake paper relates to a kind of paper which can recognize an archive as
unique. These papers are hindered with security elements, for example, 3D images, UV printing,
watermarks and strings. These sorts of paper are utilized as a part of banknotes, authoritative
reports, international IDs, character cards, stamps, testaments and others. Security papers are
utilized to lessen and control the theft and falseness rehearses. Further, it joins some security
standards which are utilized to distinguish unique product.

The Global Security Paper Market is expected to exceed more than US$ 16 Billion by 2024 at a
CAGR of 6.0% in the given forecast period.

The Global Security Paper Market is segmented on the lines of its product, application, end user and
regional. Based on application segmentation it covers Banknote, Passport/visa, Identity cards,
Certificates, Legal & government documents, Stamps and Others (includes prescription papers).
Based on security feature it covers Hybrid paper, Watermark, Threads, Holograms and Others
(Others include inks and tag ants.) The Global Security Paper Market on geographic segmentation
covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and
Africa. Each geographic market is further segmented to provide market revenue for select countries
such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The major driving factors of Global Security Paper Market are as follows:
 Legal documents reprinting
 Growth in Need for Protection Against Counterfeiters
 With the Support of Media Rise in Awareness Regarding Frauds Among Consumer
Groups
 Circulation, printing and reprinting of banknotes
 Growth in demand for visas and passports due to tourism
The restraining factors of Global Security Paper Market are as follows:
 Rising digitization trend
 Strict government regulations
 Increasing online banking activities
This report provides:
1) An overview of the global market for Global Security Paper Market and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and
projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Global Security
Paper Market
4) Discussion of research and development, and the demand for new products and new
applications.
5) Comprehensive company profiles of major players in the industry.

The Global Security Paper Market has been segmented as below:

The Global Security Paper Market is segmented on the Basis of Application Analysis, Security
Feature Analysis and Regional Analysis. By Application Analysis this market is segmented on the
basis of Banknote, Passport/visa, Identity cards, Certificates, Legal & government
documents, Stamps and Others (incudes prescription papers).
By Security Feature Analysis this market is segmented on the basis of Hybrid paper, Watermark,
Threads, Holograms and Others (Others include inks and tag ants.) By Regional Analysis this
market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.

https://www.marketwatch.com/press-release/security-paper-market-2020-key-vendors-trends-analysis-
segmentation-forecast-to-2025-2020-09-03?tesla=y

Screenshots
Macter International Ltd

DG CEMENT
Engro Fertilizers Ltd

Khyber Tobacco Company Ltd

Unilever

Abbott Laboratories Ltd

Colgate Palmolive Ltd

SOLD
Sitara Chemicals

Millat Tractors Limited

Nishat Mill

Newly Bought
Nestle
Jubilee Life Insurance

Security Papers
 Passive Company

Cherat packaging Ltd

Mari Petroleum

Hallmark company Ltd