Nestlé Lanka PLC, the top nutrition, health and wellness company, has reported a growth of 7.9 per cent for the nine months ending 30 September 2014, posting a revenue of Rs. 24.9 billion and a profit of Rs. 3.1 billion in the midst of a challenging market environment. “With each quarter in 2014 posing fresh [...]

The Sunday Times Sri Lanka

Nestlé Lanka announces stable growth of 6% for Q3 2014

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Nestlé Lanka PLC, the top nutrition, health and wellness company, has reported a growth of 7.9 per cent for the nine months ending 30 September 2014, posting a revenue of Rs. 24.9 billion and a profit of Rs. 3.1 billion in the midst of a challenging market environment.

“With each quarter in 2014 posing fresh challenges for Nestlé Lanka, delivering satisfactory growth in line with expectations requiredperseverance and dedicated efforts from the team. To this effect, I am proud to note that we continued to build our brands and nurture our local talent,” noted Etienne Benet, Nestlé Lanka Chairman and Nestlé South Asia Region Head, in a media statement.

Ganesan Ampalavanar, outgoing Managing Director of Nestlé Lanka PLC, said that Nestlé Lanka has maintained a stable revenue growth in the past quarter, whilst continuing steadfastly in its Creating Shared Value (CSV) commitments towards developing the rural economy through the procurement of raw material, in particular fresh milk collected daily from over 18,000 farmers.

In line with its corporate ambition of being the recognised leader in Nutrition, Health and Wellness in Sri Lanka, Nestlé Lanka has been actively celebrating Hallmark Days such as ‘World Heart Day’ in Q3 2014, by driving a public awareness campaign encouraging healthy lifestyle changes amongst the general public.

The company additionally enhanced its local product portfolio with the entrance of its flagship brand Nestomalt’s ready-to-drink (RTD) into the market last quarter, offering on-the-go ‘tasty nutrition’ to consumers, the statement said.

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