Nestlé Lanka posts another strong quarter

Nestlé Lanka PLC posted a revenue of Rs. 9.0 billion with year-on-year growth of 11.2% in the second quarter of the year. The company recorded a net profit of Rs. 1.3 billion for the quarter.

For the first half of the year 2015, the company made a revenue of Rs. 18.3 billion with year-on-year growth of 9.2% and net profit of Rs. 2.5 billion.

"Our strong results are a reflection of the passion and abilities 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.

Building further upon its commitment to helping families enhance their nutrition, health and wellness in their daily lives, the company embarked on a strategic partnership with the Sri Lanka Medical Association, with the aim of generating public awareness of the importance of good nutrition and an active lifestyle. Nestlé Lanka also engaged in promoting physical activity amongst school children through its popular energy brand Milo, a name synonymous with school sports, touching over 200,000 children through various sporting events in 1H, 2015.

Additionally as part of the Nestlé Healthy Kids initiative, it rolled out the 'IAAF Kids' Athletics' program, encouraging over 30,000 children to become more physically active.