It recorded a good revenue growth of 13.5% (YoY) for the six months ending 30 June 2012, posting a revenue of Rs. 14.5 billion against the background of a difficult market environment.
"2012 continues to be a very trying year for us. Despite the many challenges we face, we are maintaining a solid revenue growth and strengthening our leading position in our key categories. However, external impacts on the bottomline are continuing to take its toll," said Alois Hofbauer, Managing Director of Nestlé Lanka PLC.
In 2011, the company’s overall contribution to the rural economy by way of fresh milk and coconut purchases was 3.6 billion, resulting in a 63% increase in fresh milk and coconut procurement from 2010.