Nestle Lanka continues strong performance in Q4

Alois Hofbauer

Nestle Lanka PLC sustained the positive performance trends of previous quarters to Q4 and posted a revenue of Rs. 6.2 billion and a profit of Rs. 605 million for the last quarter of the year. Despite the volatility and sharp upward trend in the price of commodities over 2011, the Company's strong performance in all four quarters enabled them to deliver a strong revenue of Rs.25.8 billion for the year ending 31 December 2011. All figures are are provisional and subject to Audit.

“I am pleased that we have been able to deliver strong top and bottom line growth in a very challenging year for us. Our solid financial achievements are a testament to the resilience of our Nestle business model and the determination and capabilities of our team. Our commitment to ‘Create Shared Value’ for Sri Lanka has never been stronger.

Our strong financial results together with our crowning as Sri Lanka's ‘Best Corporate Citizen 2011’ proves that it is possible to ‘do well by doing good'” said Alois Hofbauer, Managing Director, Nestle Lanka PLC. Maintaining ongoing investments in its state-of-the-art manufacturing facility in Kurunegala as part of its Rs. 10 billion investment commitment to the country; 2011 saw Nestle invest over Rs. 2 billion in capacity expansion for its core business.