Nestle Lanka PLC, one of the highest dividend payers quoted on the Colombo Stock Exchange has posted an all time high profit after tax of nearly Rs. 4.39 billion, up from Rs. 4.12 billion the previous year, and the directors have proposed a final dividend of Rs. 40 per share on top of the Rs. 40 interim already paid.
Analyst note that Nestle is dominantly owned by its Swiss principal, Nestle S.A. owning 90.82 percent of the Lankan unit. All other shareholders including, some foreign funds, own less than 1%. But there are over 5,300 shareholders on the register, the majority (4,848) owning up to a thousand shares each.
The Nestle share traded between Rs. 1,903.30 and Rs. 2,445 in 2016 closing at Rs. 2,001.90 on Dec. 31.
The company’s chairman, Mr. Suresh Narayanan said in the recently release annual report that "despite a very difficult year," Nestle had delivered steady results and healthy returns to its shareholders as a result of "a strategic combination of agility, consumer centricity, innovations and focus on lean value stream."
Noting that the company had been here for over 110 years, and has been rated the top Food and Beverage Company in LMD’s Most Respected Entities for 2016, he promised that they would leverage their global expertise and local know-how to innovate and renovate their products.
The company pumped over six billion rupees into the rural economy during the year under review paying Rs. 3.8 billion to 21,000 local dairy farmers for their milk and Rs. 2.3 billion to nearly 6,000 coconut growers for fresh coconuts.
Nestle has been exporting coconut milk powder processed at it Kurunegala factory since 1986. The product manufactured from 80 million fresh high quality coconuts annually is now exported to over 50 countries globally making Nestle Lanka one of the largest coconut milk powder exporters in the world.
The company’s Managing Director Shivani Hegde said that despite challenges including volatile market conditions and significant uncertainties they were able to grow their business and market share across most categories.
She said that they have invested Rs. 500 million in a new state-of- the-art ultra heat treated milk plant at their factory and continues to invest in dairy farmers and coconut growers in the rural economy.
The Nestle product portfolio includes Nestomalt, Milo, Nespray, Maggi, Nescafe, Milkmaid, a range of breakfast cereals and many more.
The directors of the company are Messrs. Suresh Narayanan, Ms. Shivani Hegde, Jagdish Kumar Singla, Shobinder Duggal, Mahen Dayananda and Ranjan Seevaratnam.
Analyst note that Nestle is dominantly owned by its Swiss principal, Nestle S.A. owning 90.82 percent of the Lankan unit. All other shareholders including, some foreign funds, own less than 1%. But there are over 5,300 shareholders on the register, the majority (4,848) owning up to a thousand shares each.
The Nestle share traded between Rs. 1,903.30 and Rs. 2,445 in 2016 closing at Rs. 2,001.90 on Dec. 31.
The company’s chairman, Mr. Suresh Narayanan said in the recently release annual report that "despite a very difficult year," Nestle had delivered steady results and healthy returns to its shareholders as a result of "a strategic combination of agility, consumer centricity, innovations and focus on lean value stream."
Noting that the company had been here for over 110 years, and has been rated the top Food and Beverage Company in LMD’s Most Respected Entities for 2016, he promised that they would leverage their global expertise and local know-how to innovate and renovate their products.
The company pumped over six billion rupees into the rural economy during the year under review paying Rs. 3.8 billion to 21,000 local dairy farmers for their milk and Rs. 2.3 billion to nearly 6,000 coconut growers for fresh coconuts.
Nestle has been exporting coconut milk powder processed at it Kurunegala factory since 1986. The product manufactured from 80 million fresh high quality coconuts annually is now exported to over 50 countries globally making Nestle Lanka one of the largest coconut milk powder exporters in the world.
The company’s Managing Director Shivani Hegde said that despite challenges including volatile market conditions and significant uncertainties they were able to grow their business and market share across most categories.
She said that they have invested Rs. 500 million in a new state-of- the-art ultra heat treated milk plant at their factory and continues to invest in dairy farmers and coconut growers in the rural economy.
The Nestle product portfolio includes Nestomalt, Milo, Nespray, Maggi, Nescafe, Milkmaid, a range of breakfast cereals and many more.
The directors of the company are Messrs. Suresh Narayanan, Ms. Shivani Hegde, Jagdish Kumar Singla, Shobinder Duggal, Mahen Dayananda and Ranjan Seevaratnam.
