ECONOMYNEXT – The Sri Lankan unit of food multinational Nestlé said March 2016 quarter net profit rose 10.1 percent to almost 1.3 billion rupees from a year ago.
Sales rose 9.1 percent to 9.8 billion rupees, a stock exchange filing said.
Earnings per share for the quarter were 23.74 rupees compared with 21.56 rupees the year before.
A company statement said its ‘Out-of-Home’ food and beverage solutions arm, Nestlé Professional, launched a proprietary cool beverage dispenser made with advanced smart technology, NestléCoolpro.
The machine provides a beverage, Nestlé Sjora, with a flavour fusion combining mango, peach and milk.
Nestlé also has opened a new milk chilling centre in the North-Eastern town of Vaddakkachchi in line with its plans to develop its milk procurement network in the north.
Sales rose 9.1 percent to 9.8 billion rupees, a stock exchange filing said.
Earnings per share for the quarter were 23.74 rupees compared with 21.56 rupees the year before.
A company statement said its ‘Out-of-Home’ food and beverage solutions arm, Nestlé Professional, launched a proprietary cool beverage dispenser made with advanced smart technology, NestléCoolpro.
The machine provides a beverage, Nestlé Sjora, with a flavour fusion combining mango, peach and milk.
Nestlé also has opened a new milk chilling centre in the North-Eastern town of Vaddakkachchi in line with its plans to develop its milk procurement network in the north.
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