Nestl� Lanka revenue rises by 13.5% in first half 2012
View(s):Nestl� Lanka PLC says its revenue for the six months ending 30th June 2012 rose by 13.5 per cent to Rs. 14.5 billion against the background of a difficult market environment. The company announced a flat bottom-line growth of -1% (YoY), with a net profit of Rs 1.24 billion 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, Nestl� will continue its strong commitment to Sri Lanka and its people,” noted Alois Hofbauer, Managing Director of Nestl� Lanka, in the report.
Picture shows one of the Nestle suppliers.
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