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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Nestlé Lanka delivers another strong quarter

Nestlé Lanka delivers another strong quarter

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Nestlé Lanka PLC delivered revenue of LKR 9.0 billion with year-on-year growth of 11.2% in the second quarter of the year. The company announced a net profit of LKR 1.3 billion for the quarter.

For the first half of the year 2015, the Company announced revenue of LKR 18.3 billion with a year-on-year growth of 9.2% and net profit of LKR 2.5 billion.

"Our strong results are a reflection of the passion and capabilities of our people, coupled with the trust our brands enjoy amongst consumers. We are increasing our investments behind both, our people and our brands. We continue with our commitment to provide nutrition, health and wellness to the people of Sri Lanka through innovative products and guidance on lifestyle choices," said Shivani Hegde, Managing Director of Nestlé Lanka PLC.

The company recently launched Ready-to-Drink Nespray Nutri-Up, a quality product made using Sri Lankan fresh milk, and fortified with Vitamins A and D. Nespray Nutri-Up offers the wholesome goodness of milk while addressing the Vitamin A deficiency in Sri Lanka.

Building further upon its commitment to helping families enhance their nutrition, health and wellness in their daily lives, the company embarked on a strategic partnership with the Sri Lanka Medical Association, with the aim of generating public awareness of the importance of good nutrition and an active lifestyle. Nestlé Lanka also engaged in promoting physical activity amongst school children through its popular energy brand Milo, a name synonymous with school sports, touching over 200,000 kids through various sporting events in H1 2015. Additionally as part of the Nestlé Healthy Kids initiative, it rolled out the ‘IAAF Kids’ Athletics’ programme, encouraging over 30,000 children to become more physically active. (Nestle)
Courtesy: The Island 12 August 2015

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