Nestlé Lanka records stable growth

Nestlé Lanka PLC posted revenue of Rs. 27.1 billion for the nine months ending September 30, 2015 recording a growth of 8.6% compared to the previous year. The company reported a net profit of Rs. 3.5 billion, a growth of 9.8%.

For 3Q, 2015, the company delivered revenue of Rs. 8.8 billion and a net profit of Rs.1.0 billion.

The third quarter of the year saw Nestlé Lanka reaffirm its position as a leading company in Sri Lanka, and was ranked among the top 15 business entities in Sri Lanka by the 'Business Today TOP 25', based on its financial performance during 2014-2015.

Managing Director, Nestlé Lanka, Shivani Hegde said, "The steady performance delivered by our company in the first nine months of 2015, is a result of the trust consumers repose on the quality and safety of our products."

"We reaffirmed our position as a leading and respected company, committed to enhancing the quality of life of the people, through our strong brands and rural development initiatives," she said.

Nestlé Lanka continued its focus on encouraging physical activity and an active lifestyle, offering specialized milk-based nutrition for different stages of life.Nespray growing up milks, and the recently launched Nespray Nutri Up ready to drink, promote the goodness of locally procured Sri Lankan milk fortified with nutrients such as iron and vitamins, leveraging Nestlé's global expertise in nutrition.

This was supported by the company's continued commitment to develop the dairy industry, as one of the largest private sector collectors of local fresh milk in Sri Lanka.The company also introduced a large multi-brand wellness initiative, 'Choose Wellness Choose Nestlé', offering consumers a range of wellness solutions to promote a healthy and balanced lifestyle.The campaign also incorporates the Nestlé 'Choose Wellness' van that travels islandwide, providing free nutrition counselling and health checks to consumers.