Nestlé Lanka reports 7.4 % growth, Rs. 19 bln sales in 1H 2016
View(s):Nestlé Lanka PLC, which marks its 110th year and is probably Sri Lanka’s oldest multinational, has recorded a revenue of Rs. 19 billion for the first six months of the year, up by 7.4 per cent while net profit was reported at Rs. 2.5 billion. The company, in a media release, said it faced stiff cost challenges including adverse exchange rates, the impact of which was minimised through efficient cost optimisation across the value chain and strategic deployment of resources to key brands. “We have delivered steady results for the first six months of the year despite a very challenging business environment. With the launch of important product innovations and renovations, we aim to delight consumers with products that offer Nutrition Health and Wellness,” notedShivani Hegde, Nestlé Lanka Managing Director.
Nestlé continued to introduce a number of product innovations and renovations. The company launched Nespray FortiGrow, a Hi-Calcium milk drink made with local fresh milk, to support the nutritional needs of school-aged children. Offering a delicious vanilla taste, the product is enriched with calcium and other essential nutrients like iron, zinc, and vitamins. The release said that to celebrate ‘150 years of passion for nutrition’, Nestlé Lanka launched a Wellness Pledge across 150 towns, encouraging consumers and key stakeholders to pledge to live an active lifestyle. The company will also conduct physical fitness camps across the country with the Ministry of Education, to encourage around 150,000 children to be more physically active.