To Press Releases listMar 1, 2014
- Revenue of LKR 7.8 billion for Q4, reaching a revenue of LKR 30.9 billion with a growth of 8.2% for the year ending 31 December 2013
- Profit after tax of LKR 698 million for Q4 and LKR 3.3 billion for the year ending 31 December 2013
- Nestlé Healthy Kids Programme officially incorporated into Government’s ‘Poshanayai Suwadiviyai’ (Nutrition for a Healthy Life) island wide campaign
- 62 million litres of local fresh milk procured in 2013, marking the company’s highest ever milk collection in Sri Lanka
- Recognised as one of Sri Lanka’s Top Twenty-five corporates by Business Today
- Nestlé Global Executive Vice-President visits Sri Lanka and reaffirms commitment to country
Leading nutrition, health and wellness company, Nestlé Lanka PLC, posted a revenue of LKR 7.8 billion for Q4 with a growth of 8.2%. The company recorded a revenue of LKR 30.9 billion and a growth of 8.2% amidst a challenging environment for the full year ending 31 December 2013.
The company posted a profit of LKR 698 million for Q4 supported by efficient management of input costs. For the year ending 31 December 2013, the company recorded a profit of LKR 3.3 billion, an increase of 12.5% from the previous year. Nestlé continued to increase investment in trade and marketing activities.
“The macro-environment in 2013 was one of soft growth; fraught with lowered consumer confidence, industry issues and economic ambiguity. Our response was to increase brand support, accelerate innovation, invest in our people, continue responsible business operations and provide consumers with nutritionally superior food and beverages of the highest safety and quality” said Ganesan Ampalavanar, Managing Director of Nestlé Lanka PLC “We have maintained a respectable revenue growth in a challenging environment and, together with efficiencies and structural cost savings, improved margins and sustained a strong cash flow.”
Q4 continued to see Nestlé active in the community and recognised for its positive economic and social contribution to the country.
The Ministry of Education Services and Nestlé Lanka PLC announced the incorporation of the Nestlé Healthy Kids Programme into the Government’s island wide “Poshanayai Suwadiviyai” (Nutrition for a Healthy Life) nutrition awareness campaign. The Nestlé Healthy Kids Programme material and modules on nutrition education and healthy living will now be available at over 7,500 secondary, public schools across the country.
The company also procured 62 million litres of local fresh milk from 18,000 Sri Lankan farmers in 2013, marking the company’s highest ever milk collection in Sri Lanka. The company uses Sri Lankan fresh milk for its popular dairy based products Nespray, Milo and Milkmaid.
The year-end saw the company recognised as one of Sri Lanka’s top corporate performers for the financial year 2012-2013 by Business Today, ranked at No. 13 amongst Sri Lanka’s top twenty five leading corporates.
Nandu Nandkishore, Executive Vice-President for the Nestlé worldwide group, reconfirmed Nestlé’s commitment to Sri Lanka in a visit to the island in December 2013. He reinforced the company’s desire to create shared value in Sri Lanka and its focus on uplifting nutritional standards via nutritious food and beverages of the highest quality. “We see great value in our emerging markets, including Sri Lanka, and we will continue to invest in its growth, our people and operations and deliver upon our promise of value at every juncture” he added.