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20 February, 2015 08:01 AM Source: Financial Times - Sri Lanka
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Leading nutrition, health and wellness company Nestlé Lanka PLC said yesterday it has posted a revenue of Rs. 8 billion for Q4 with full year amount of Rs. 32.9 billion, up 6.4% over 2013.
The company posted a profit of Rs. 615 million for Q4 and a profit of Rs. 3.8 billion for the year ending 31 December 2014, an increase of 14.2% from the previous year, supported by efficient management of the portfolio and value chain optimisation.
The Board has approved a second interim dividend of Rs. 28.50 per share on 19 February and has proposed a final dividend of Rs. 28 per share for the year ended 31 December 2014, to be approved at the company’s Annual General Meeting to be held on 12 May.
“Despite prevailing market conditions posing significant challenges in 2014, the company continued to deliver a stable and consistent performance. We invested in enhancing the presence of our brands, and building the capabilities of our people. We continued on our mission to be a leader in nutrition, health and wellness in Sri Lanka by providing our consumers with tasty and balanced food and beverages through innovation and renovation, and creating awareness on the importance of an active lifestyle,” Nestle Lanka Plc Managing Director Shivani Hegde said.

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