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Sri Lanka Equity Forum » Stock Market News » Nestlé Lanka announces ‘stable growth’ of 8.6% for Jan - Sept 2015

Nestlé Lanka announces ‘stable growth’ of 8.6% for Jan - Sept 2015

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peacockman


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Nestlé Lanka PLC, a leading Nutrition, Health and Wellness Company in Sri Lanka, posted revenue of LKR 27.1 billion for the nine months period ending 30 September 2015 recording a growth of 8.6% vs previous year. The company reported a net profit of LKR 3.5 billion, a growth of 9.8% for the same period.


For Q3 2015, the company delivered revenue of LKR 8.8 billion and net profit of LKR 1.0 billion, indicating steady performance and enhanced investment behind its brands.


The third quarter of the year saw Nestlé Lanka reaffirm its position as a leading company in Sri Lanka, and was ranked amongst the top 15 business entities in Sri Lanka by the ‘Business Today TOP 25’, based on its financial performance during 2014-2015.

"The steady performance delivered by our company in the first 9 months of 2015, is a result of the trust our consumers repose on the quality and safety of our products. We once again reaffirmed our position as a leading and respected company, committed to enhancing the quality of life of the people of Sri Lanka, through our strong brands and rural development initiatives," said Shivani Hegde, Managing Director of Nestlé Lanka PLC.

As a leading Nutrition, Health and Wellness provider, Nestlé Lanka continued its focus on encouraging physical activity and an active lifestyle, and offering specialized milk-based nutrition for different stages of life. Products like Milo ready to drink, Nestomalt malted food drink, Nespray growing up milks, and the recently launched Nespray Nutri Up ready to drink, promote the goodness of locally procured Sri Lankan milk fortified with nutrients like Iron and Vitamins, leveraging Nestlé’s global expertise in nutrition. This was supported with the company’s continued commitment towards developing the Dairy Industry, as the largest private sector collector of local fresh milk in Sri Lanka.

The company also rolled out a large multi-brand wellness initiative, ‘Choose Wellness Choose Nestlé’, offering consumers a range of wellness solutions to promote a healthy and balanced lifestyle. The campaign also incorporates the Nestlé ‘Choose Wellness’ van that is travelling island-wide, providing free nutrition counselling and health checks to consumers. (Nestlé Lanka)



LINK: www.island.lk

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