pNestlé Lanka PLC, which now promotes itself as Sri Lanka’s leading Nutrition, Health and Wellness Company with wellness being a new element in its growth path, said this week that revenue for the nine months to September 2011 rose to Rs 6.8 billion, up 21.8% year-on-year.
In a statement, it said despite the volatility and overall upward trend in the price of commodities, there was healthy profit growth mainly benefiting from reduction in NTB and corporate taxes. Basic earnings per share increased to Rs 14.3 in Q3, up 35% from Rs 10.6 in the same period of the last financial year.
Alois Hofbauer, Managing Director of Nestlé Lanka, emphasised that the company’s success lay in its constant ’innovations and renovations’ to uphold their consumers’ trust in them as a leading Nutrition, Health and Wellness Company. “A notable mention for Q3 in this regard is the launch of NESLAC Excella 1+, a premium growing up milk developed by our world renowned Nestlé Research Centre (NRC) at Lausanne, Switzerland for children between the ages of one to three.” |
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