HomeNestlé delivers good performance
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SrirangaVeteran
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Nestlé delivers good performance
Sun Mar 02, 2014 12:12 am
Leading nutrition, health and wellness company, Nestlé Lanka PLC, posted a revenue of Rs.7.8 billion for Q4 with a growth of 8.2%. The company recorded a revenue of Rs.30.9 billion and a growth of 8.2% amidst a challenging environment for the full year ending December 31, 2013.
The company posted a profit of Rs.698 million for Q4 supported by efficient management of input costs. For the year ending December 31, 2013, the company recorded a profit of Rs.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 Managing Director of Nestlé Lanka PLC Ganesan Ampalavanar. “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 recognized 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 Program into the Government’s island-wide “Poshanayai Suwadiviyai” (Nutrition for a Healthy Life) nutrition awareness campaign. The Nestlé Healthy Kids Program material and modules on nutrition education and healthy living will now be available at over 7,500 secondary, public schools across the country.
nation-lk
The company posted a profit of Rs.698 million for Q4 supported by efficient management of input costs. For the year ending December 31, 2013, the company recorded a profit of Rs.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 Managing Director of Nestlé Lanka PLC Ganesan Ampalavanar. “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 recognized 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 Program into the Government’s island-wide “Poshanayai Suwadiviyai” (Nutrition for a Healthy Life) nutrition awareness campaign. The Nestlé Healthy Kids Program material and modules on nutrition education and healthy living will now be available at over 7,500 secondary, public schools across the country.
nation-lk
knockknobblerTop contributor
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Re: Nestlé delivers good performance
Sun Mar 02, 2014 12:14 pm
This also seems to be a Press Release by the Company, rather than a reporting by a journalist.
One important factor, - the profits have declined by 22% in Oct-Dec quarter- is not mentioned any where.
One important factor, - the profits have declined by 22% in Oct-Dec quarter- is not mentioned any where.
First Guy- Posts : 2599
Join date : 2014-02-22
Re: Nestlé delivers good performance
Sun Mar 02, 2014 12:30 pm
knockknobbler wrote:This also seems to be a Press Release by the Company, rather than a reporting by a journalist.
One important factor, - the profits have declined by 22% in Oct-Dec quarter- is not mentioned any where.
Most of the reports we see on papers, i suspect are provided by the company. This is why the papers discuss different items and do not analyst anything themselves.
Some report only one of revenue, PBT, PAT or net profit, and does not give an entirely true picture. Ones again, we must read them in detail and gather additional information to make our decisions
- SrirangaVeteran
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Location : Colombo
Re: Nestlé delivers good performance
Sun Mar 02, 2014 12:47 pm
Thanks KnockKnobbler for your valuable feedback.
Main motive in posting the news item here is to enable us to discuss more deep into their statement of accounts.
Main motive in posting the news item here is to enable us to discuss more deep into their statement of accounts.
sashimaalTop contributor- Posts : 5785
Join date : 2014-02-28
Re: Nestlé delivers good performance
Sun Mar 02, 2014 3:40 pm
The LBO article covered the reasons... one main reason highligted below in red...
Anyway, now Nestle uses local milk to produce most of their product range (Nespray Everyday, Milo, etc). The specialised milk products such as Nan might be imported in future as well.
Sri Lanka Nestle unit net down 22-pct in Dec quarter
26 Feb, 2014 07:54:14
Feb 26, 2014 (LBO) - Profits at Nestle Lanka Plc fell 22 percent to 697 million rupees in the December 2013 quarter amid weak consumer confidence the company said, though domestic milk collections were up.
The firm reported earnings of 12.99 rupees for the quarter. In the year to December the firm reported earnings of 61.51 rupees on total profits of 3.3 billion rupees, which were up 12.5 percent from a year earlier.
The stock closed at 1,990 down 10 rupees Tuesday.
Nestle said revenues rose 8.2 percent to 7.8 billion rupees and expenses rose at a faster 9.1 percent to 5.2 billion rupees and gross profits also grew 6.3 percent to 2.5 billion rupees.
"The macro-environment in 2013 was one of soft growth; fraught with lowered consumer confidence, industry issues and economic ambiguity," managing director Ganesan Ampalavanar said in a statement.
"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."
"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."
In late 2013 the state, which controls milk powder prices delayed a price increase while the cost of imported milk rose.
The state also taxes imported milk powder to give higher margins to domestic producers amid a rise in economic nationalism.
Nestle Lanka said it collected 62 million litres of fresh milk from 18,000 Sri Lankan farmers in 2013, the highest ever so far. The milk is used to make Nespray, Milo and Milkmaid.
Anyway, now Nestle uses local milk to produce most of their product range (Nespray Everyday, Milo, etc). The specialised milk products such as Nan might be imported in future as well.
Sri Lanka Nestle unit net down 22-pct in Dec quarter
26 Feb, 2014 07:54:14
Feb 26, 2014 (LBO) - Profits at Nestle Lanka Plc fell 22 percent to 697 million rupees in the December 2013 quarter amid weak consumer confidence the company said, though domestic milk collections were up.
The firm reported earnings of 12.99 rupees for the quarter. In the year to December the firm reported earnings of 61.51 rupees on total profits of 3.3 billion rupees, which were up 12.5 percent from a year earlier.
The stock closed at 1,990 down 10 rupees Tuesday.
Nestle said revenues rose 8.2 percent to 7.8 billion rupees and expenses rose at a faster 9.1 percent to 5.2 billion rupees and gross profits also grew 6.3 percent to 2.5 billion rupees.
"The macro-environment in 2013 was one of soft growth; fraught with lowered consumer confidence, industry issues and economic ambiguity," managing director Ganesan Ampalavanar said in a statement.
"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."
"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."
In late 2013 the state, which controls milk powder prices delayed a price increase while the cost of imported milk rose.
The state also taxes imported milk powder to give higher margins to domestic producers amid a rise in economic nationalism.
Nestle Lanka said it collected 62 million litres of fresh milk from 18,000 Sri Lankan farmers in 2013, the highest ever so far. The milk is used to make Nespray, Milo and Milkmaid.
DocStockTop contributor- Posts : 239
Join date : 2014-03-17
INDIA : Food inspectors order recall of Maggi noodles, say found excess lead
Thu May 21, 2015 8:24 pm
Food inspectors have ordered Nestle India (NEST.NS) to recall a batch of Maggi noodles from shops across the country, saying the product contained dangerous levels of lead.
The Food Safety and Drug Administration (FDA) in Uttar Pradesh said high lead content was found during routine tests on two dozen packets of instant noodles, manufactured by Nestle in India
Two FDA officials said all the packets of instant noodles tested in the state-run laboratory were contaminated. They found a lead concentration of 17.2 parts per million (ppm), nearly seven times the permissible limit. The FDA officials said the acceptable limit of lead ranges between 0.01 ppm and 2.5 ppm.
The scientists also found high levels of added monosodium glutamate (MSG), a taste enhancer, in the noodles.
"Maggi instant noodles contained dangerous amount of lead and MSG. We had to immediately issue orders against the company," D.G. Srivastava, deputy inspector general of the FDA in Lucknow, capital of Uttar Pradesh, told Reuters.
Nestle India, a subsidiary of Swiss-based Nestle SA (NESN.VX), said it had strict safety and quality controls in place for all raw materials used to make Maggi noodles.
"We do not add MSG to Maggi Noodles, and glutamate, if present, may come from naturally occurring sources. We are surprised with the content supposedly found in the sample as we monitor the lead content regularly as a part of the regulatory requirements," it said.
A company spokesman confirmed Uttar Pradesh had ordered it to withdraw the batch dating back to March 2014, but added the items concerned had either already been consumed or were beyond the sell-by date, making the recall difficult.
Srivastava said his team collected more than two dozen packs of instant noodles from stores across the state and tested each pack separately before making the findings public.
"Our experts conducted several tests and each time the results were shocking," he told Reuters, adding they had approached federal food inspectors in New Delhi to launch a wider investigation of the noodles.
(Reporting by Rupam Jain Nair and Clara Ferreira Marques; Editing by David Holmes)
20/05/2015 From here - http://in.reuters.com/article/2015/05/20/india-nestle-idINKBN0O51NS20150520
Implications -
1. YOUR HEALTH (Of course, you have to be really dumb to believe Maggi is good for you. Personally I agree with, "I don’t know how much MSG there is in Maggi, but there is a lot of Maggi on MSG’s hands." )
2. NEST (long term; not scaring; just warning)
slstockVeteran- Posts : 6216
Join date : 2014-06-12
Re: Nestlé delivers good performance
Thu May 21, 2015 8:35 pm
Thanks all.
Yes Docstock.
For health conscious people : I hope you are aware of how much bad stuff is in this instant noodles ( exhorbitant salt % and some chemicals)
Has anyone read or can confirm the ingrient list of Maggi and Prima etc ( Sri Lankan ones) ?
I thought the Sri Lankan made instant noodles are a bit better with natural stuff ?
The ones produced in western countries are really bad . When I eat, I try to use 50% of flavor packet or just throw the packet totally way, and use the noodle ( even I read the noodle is bad for digestion in some places but oh well)
It was news to be me the Indian ones have MSG and contamination. ( Asian version I thought was better compared to western none )
This is not any kind of demotion on Nestle. Just general observation on instant noodles ( which I ate a lot one time and now lesser)
Yes Docstock.
For health conscious people : I hope you are aware of how much bad stuff is in this instant noodles ( exhorbitant salt % and some chemicals)
Has anyone read or can confirm the ingrient list of Maggi and Prima etc ( Sri Lankan ones) ?
I thought the Sri Lankan made instant noodles are a bit better with natural stuff ?
The ones produced in western countries are really bad . When I eat, I try to use 50% of flavor packet or just throw the packet totally way, and use the noodle ( even I read the noodle is bad for digestion in some places but oh well)
It was news to be me the Indian ones have MSG and contamination. ( Asian version I thought was better compared to western none )
This is not any kind of demotion on Nestle. Just general observation on instant noodles ( which I ate a lot one time and now lesser)
- Market loverTop contributor
- Posts : 595
Join date : 2014-10-15
Re: Nestlé delivers good performance
Fri May 22, 2015 12:03 am
slstock wrote:. Just general observation on instant noodles ( which I ate a lot one time and now lesser)
Hehe takes me too few yrs back when I use to eat lot those days
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