Nestlé Lanka records revenue growth of 13.5 % (YoY)
Nestlé Lanka PLC, recorded a good revenue growth of 13.5 % (YoY) for
the six months ending June 30, 2012, posting a revenue of Rs. 14.5
billion against the background of a difficult market environment.
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A milk collection centre in a rural area operated by Nestle
Lanka |
The company announced a flat bottomline growth of -1 % (YoY), with a
net profit of Rs 1,246 million due to currency depreciation and the rise
in fuel, energy and other costs which resulted in a significant increase
of costs for its manufacturing operations.
“2012 continues to be a very trying year for us. Despite the many
challenges we face, we are maintaining a solid revenue growth and
strengthening our leading position in our key categories.
However, external impacts on the bottomline are continuing to take
its toll. Notwithstanding, Nestlé will continue its strong commitment to
Sri Lanka and its people. We have continued to contribute significantly
to the local rural economy and registered a 35 % increase in the
procurement of local fresh milk. We remain committed to ‘Creating Shared
Value’ for our local communities even during this difficult time.” said
Alois Hofbauer, Managing Director of Nestlé Lanka PLC.
In 2011, the company’s overall contribution to the rural economy by
way of fresh milk and coconut purchases was 3.6 billion, resulting in a
63 % increase in fresh milk and coconut procurement from 2010. |
