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Nestl%C3%A9+Lanka+announces+stable+growth+of+6%25+for+Q3+2014
Thursday, 13 November 2014 - 9:43
Nestlé Lanka announces stable growth of 6% for Q3 2014
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Highlights:

 
Total revenue of LKR 8.2 billion, with a growth of 5.7%
Net profit of LKR 1,093 million
Declares interim dividend of 120% per share
Celebrates 30 years of ‘Empowering Sri Lankan Dairy Farmers’ with the felicitation of 1,200 dairy farmers for their outstanding       contribution towards Sri Lanka’s dairy industry
Nestlé Lanka’s flagship brand Nestomalt announces the entrance of its ready-to-drink (RTD) into the market

Leading Nutrition, Health and Wellness Company, Nestlé Lanka PLC, recorded a growth of 7.9% for the nine months ending 30 September 2014, posting a revenue of LKR 24.9 billion and a profit of LKR 3.1 billion in the midst of a challenging market environment.

An interim dividend of LKR 12 per share was also declared by the Board of Directors to be paid to the shareholders on 2 December 2014.

“With each quarter in 2014 posing fresh challenges for Nestlé Lanka, delivering satisfactory growth in line with expectations required perseverance and dedicated efforts from the team. To this effect, I am proud to note that we continued to build our brands and nurture our local talent, whilst continuing to further strengthen the company’s position as the recognised leader in Nutrition, Health and Wellness in the country. We remain committed towards enhancing the quality of life of our consumers by providing them with ‘tasty nutrition’ of the highest quality standards,” said Etienne Benet, Nestlé Lanka Chairman and Nestlé South Asia Region Head.

“Nestlé Lanka has maintained a stable revenue growth in the past quarter, whilst continuing steadfastly in its Creating Shared Value (CSV) commitments towards developing the rural economy through the procurement of raw material, in particular fresh milk collected daily from over 18,000 farmers. The company celebrated 30 years of ‘Empowering Sri Lankan Dairy Farmers’ by recognising 1,200 of its dairy farmers for their integral role in establishing Nestlé Lanka as the largest private sector collector of fresh milk in the island. We are proud to note that the 30 year celebration further signified the utilisation of 100% locally procured fresh milk for the production of our dairy products as of 2014 for Nestlé Lanka,” said Ganesan Ampalavanar, outgoing Managing Director of Nestlé Lanka PLC.

In line with its corporate ambition of being the recognised leader in Nutrition, Health and Wellness in Sri Lanka, Nestlé Lanka has been actively celebrating Hallmark Days such as ‘World Heart Day’ in Q3 2014, by driving a public awareness campaign encouraging healthy lifestyle changes amongst the general public.

The company additionally enhanced its local product portfolio with the entrance of its flagship brand Nestomalt’s ready-to-drink (RTD) into the market last quarter, offering on-the-go ‘tasty nutrition’ to consumers. A uniquely Sri Lankan product that has been a household name in the country for many decades, Nestomalt today is Sri Lanka’s best loved, iconic malted food drink brand.
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