Nestle Lanka posts Rs 12.7 b revenue in first half
Nestle Lanka PLC, has recorded a revenue of Rs 12.74 billion for the
six months ending June 30, 2011, marking a remarkable year-on-year
growth of 22.5 percent.
Net profit surged by an impressive year-on-year 40.4 percent growth
to Rs 1.26 billion, partially benefitted by the lower rate of tax.
With a basic earnings per share of Rs 23.45 up from Rs 16.71 over the
same period in 2010 - the Swiss based company has once again ‘Created
Shared Value’ for its stakeholders; a Nestle philosophy that claims that
the company conducts business in a way where value can best be created
both for society and shareholders.
The local Food and Beverage giant claims increased revenue has been
fuelled by carefully tailored consumer-centric marketing activities,
increased distribution across the Island, adoption of effective sales
strategies, continuous Innovation and Renovation product initiatives and
ongoing investments in the company’s state-of-the-art local
manufacturing facility that has lead to greater efficiency.
Nestle Lanka Managing Director Alois Hofbauel “We closed 2010 on one
of the highest notes ever in recent years. We are now continuing the
momentum with renewed determination. Our results for the six months
ending June 30 this year illustrate positive revenue performance, strong
profits and robust growth trajectories.
This is a reflection on our strength as a team, our commitment to
successfully overcoming adversity and a clear reflection of our strong
upward momentum in the country.”