Nestlé Lanka Posts Rs 976 m Net Profit For Q2

Nestlé Lanka PLC recorded a revenue growth of 7.1% (YoY) for Q2 2014, posting a total revenue of Rs 8.1 billion in the second quarter of the year.

The Company announced a net profit of Rs 976 million for the quarter benefitting from stable currency and commodity prices.

The second quarter for the year 2014 saw Nestlé continue to uphold its commitment as a leader in nutrition, health and wellness by fortifying its Maggi Chicken noodles and Maggi Curry noodles with Vitamin A, in celebration of the brand's 30th anniversary. Nestlé Lanka further enhanced its product portfolio with the launch of Nescafé Alegria, 'Café style coffee made magically simple'; a coffee solution which offers an authentic, premium barista coffee experience with the simplicity, convenience and speed of a classic coffee machine.

Nestlé also continued to remain steadfast to its commitment of creating shared value in Q2. Nescafé Alegria, geared to add significant value to our existing portfolio. Despite continuous challenges in the marketplace, Nestlé Lanka has been successful in maintaining a good revenue growth and consolidating its position as a leader in Nutrition, Health and Wellness in the country.

We remain cautiously optimistic while continuing our efforts to maintain our growth and performance for the remainder of the year," said Ganesan Ampalavanar, Managing Director of Nestlé Lanka PLC.



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