Nestlé Lanka’s growth at 6.1 % in first nine months of 2016

9 November 2016 02:32 pm - 0     - {{hitsCtrl.values.hits}}

A A A

•    Sales of Rs.27.8 billion with 6.1% growth
•    Net Profit ofRs. 3.5 billion
•    Focuses oninnovation and renovation, in line with Nutrition, Health and Wellness agenda
•    Recognized for work done on positively impacting local communities, supporting economic development and deliveringworld class locally manufactured products

Nestlé Lanka’sManaging Director, Shivani Hegdestated: “The steady performance of our company is a result of the trust consumers place in our products, and the skills and commitment of our people. We have 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.” 

Financial results 

Nestlé Lanka PLC, recorded a revenue of Rs. 27.8 billion for the first nine months of the year, posting a growth of 6.1% and net profit of Rs. 3.5 billion.

The Company faced stiff cost challenges and volatile market conditions, the impact of which was minimized throughcost optimization measures and consumer led initiatives providing more value.

Business review 

Leveraging the Nestlé group’s strong R&D capability and Nestle Lanka’s expertise in understanding local consumer preferences, the company launchedNescafé 3 in 1 coffee mix, offering coffee lovers a product perfected to give the right taste and aroma.Sri Lanka’s trusted household favouriteMaggi noodles, unveiled its latest innovation, Maggi Daiya chicken flavourednoodles – a spicier and delicious variant. The product is fortified with calcium, providing 1/3 of the recommended dietary intake for this micronutrient, helping address calcium deficiency prevailing in Sri Lanka.

The Company continued to invest in Sri Lanka and recently invested around Rs. 500 mio in a new state-of-the-art milk processing and packing facility at its factory in Pannala, demonstrating its commitment towards enhancing local fresh milk usage.The company also stepped up its programs on local manpower development.

Recognitions

Nestlé Lanka was ranked the number 1 Food &Beverage Company in Sri Lanka inLMD’s ‘Most Respected Entities’ for 2016. The company was recognizedat the Presidential Export Awardsas the ‘Best Multinational Company engaged in Exports’ forexport of Nestlé’s coconut milk powder, which is available in over50 countries across the world. The company was also awarded the 2016 Swarnadeepa Golden Award for contributing to Sri Lanka’s dairy sector. 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.