Nestlé Lanka delivers stable and consistent performance in 2014
View(s):Nestlé Lanka PLC this week said it posted revenue of Rs. 32.9 billion for the year ending December 2014, up by 6.4 per cent from the previous year. Revenue for the last quarter to December was Rs. 8 billion.
Ms Shivani Hegde
Company profit for the full year was Rs. 3.8 billion, up 14.2 per cent from the previous year while profit in the last quarter was Rs. 615 million. In a statement to the media, the company said increased profits and revenue were boosted by efficient management of the portfolio and value chain optimisation.
“Despite prevailing market conditions posing significant challenges in 2014, the company continued to deliver a stable and consistent performance. We invested in enhancing the presence of our brands, and building the capabilities of our people. We continued on our mission to be a leader in Nutrition, Health and Wellness in Sri Lanka by providing our consumers with tasty and balanced food and beverages through innovation and renovation, and creating awareness on the importance of an active lifestyle,” said Shivani Hegde, Managing Director of Nestlé Lanka PLC.
The company continued to enhance the nutritional profile of its products through micronutrient fortification and drove focused communication conveying the importance of a balanced diet and healthy lifestyle, through initiatives like the Nestlé Mobile Wellness Unit, which actively interacted with over 40,000 consumers island-wide. Significantly, Nestlé Lanka was recognised as a leading Nutrition, Health and Wellness company in Sri Lanka by consumers as per ‘The Corporate Brand Equity Monitor’ survey, the release said.
“Nestlé Lanka also celebrated 30 years of empowering Sri Lankan dairy farmers with the felicitation of 1,200 of its farmers for their outstanding contribution to local dairy development. This coincided with the celebration of the 30 year anniversary of the Nestlé Lanka manufacturing facility in Pannala, Kurunegala. The company continued its commitment towards local rural development by way of procuring raw material, primarily fresh milk and coconuts for its products from over 23,000 farmers, marking a contribution of over Rs. 5 five billion in 2014,” it said.