Nestlé Pakistan posts Rs88.7bn revenue for 9M2020

Nestlé Pakistan Limited posted a revenue of Rs88.7 billion for the nine-months period ended September 2020, an increase of 1.9pc compared to the same period last year, despite many difficulties emanating from the Covid-19 crisis.  

These results were announced following a Board of Directors’ meeting at the company’s head office. 

“Dairy and nutrition products remained the main contributors to this growth as sales of liquid beverage products were negatively impacted by the Covid-19 situation,” said a company statement issued on Friday.

The company launched several new products including Milkpak Butter, Nescafé Ice 3-in-1, Nescafé Chilled Mocha, Fruita Vitals Kandahari Anaar and Lactogen Essential during the quarter ended September 2020. 

“The company is adapting to the new normal resulting from challenges brought on by the Covid-19 pandemic and will continue to drive efficiencies across the organization and capitalize on R&D capabilities to fulfill the needs of consumers,” Nestle Pakistan stated.  

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