KARACHI - FrieslandCampina Engro Pakistan Limited (FCEPL) has announced its financial results for the year ended December 31, 2021. The company reported revenue of PKR 52 billion, registering 18% growth versus last year. FCEPL recorded highest-ever volumes of ice cream and highest-ever revenue in dairy and ice cream segments in 2021. This milestone was achieved by focusing on overall volume growth through expansion of distribution, greater brand penetration, mix improvement through value accretive brands and improving efficiencies across the value chain. These initiatives reflect FCEPL’s unwavering commitment towards enhancing access to nutrition for a healthier and food-secure Pakistan. Despite record inflation and rupee devaluation which led to a steep increase in commodity prices, the company managed to offset the spikes and improve gross margin by 350bps versus last year, through several innovations and savings initiatives in the value chain. As a result, profit after tax improved by 10X compared to last year - PKR 1,804 million in 2021 vs PKR 177 million in 2020.
On September 8th, 2021, FrieslandCampina celebrated its milestone 150-year anniversary of delivering superlative dairy products and nutritional excellence. In line with its commitment to the nation, FCEPL partnered with the University of Education to launch a 6-month pilot School Milk Programme with the aim to improve the nutritional status of thousands of children and enable them to take full advantage of the education provided to them.