Rs. 18.3 bln revenue at Nestlé Lanka in 1stH 2015/16
View(s):Nestlé Lanka PLC this week reported revenue of Rs. 9 billion with year-on-year growth of 11.2 per cent in the second quarter of the year. The company, in a media release, announced a net profit of LKR 1.3 billion for the quarter. For the first half of the year 2015, the company announced revenue of Rs. 18.3 billion with a year-on-year growth of 9.2 per cent and net profit of Rs. 2.5 billion.
“Our strong results are a reflection of the passion and capabilities of our people, coupled with the trust our brands enjoy amongst consumers. We are increasing our investments behind both, our people and our brands. We continue with our commitment to provide nutrition, health and wellness to the people of Sri Lanka through innovative products and guidance on lifestyle choices,” said Shivani Hegde, Managing Director of Nestlé Lanka PLC.
The company recently launched Ready-to-Drink Nespray Nutri-Up, a quality product made using Sri Lankan fresh milk, and fortified with Vitamins A and D. Nespray Nutri-Up offers the wholesome goodness of milk while addressing the Vitamin A deficiency in Sri Lanka.