Nestle Pakistan announces financial results

LAHORE PR - Nestlé Pakistan posted a revenue of PKR 118.8 billion for 2020, a 2.4% growth from 2019. Despite the unprecedented situation caused by the pandemic, the company was able to grow the revenue through undisrupted supply and availability of products, innovation and renovation initiatives, numeric distribution expansion and investments behind the brands. The company was also able to improve profitability with the help of various cost savings initiatives, optimization projects and pricing management. The annual results were announced following a Board of Directors’ meeting at the company’s head office. The year 2020 witnessed the COVID-19 pandemic which had a profound impact across the globe as well as in Pakistan. In response to the pandemic, Nestlé Pakistan stepped up its commitment to vulnerable communities by donating 4 million servings of fortified products to meet the nutritional needs of both affectees and frontline workers during these times.

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