Nestle Lanka PLC has approved a final dividend payout of RS 22.50, the highest payout by the Company so far, bringing the full year dividend payout to Rs 34.50 per share at its 30th AGM which was held recently.
The company also announced the re-election of Pierre Schaufelberger (Vice President - Nestle Zone AOA) and Mahen Dayananda (Chairperson of several organizations, including the Monetary Policy Consultative Committee of the Central Bank of Sri Lanka) as Directors of the Board. Nestle South Asia Chairman and Market Head Antonio Helio Waszyk said the company had a positive outlook on the future of Sri Lanka and that the company would be taking a far-sighted view of business development in the Country to stimulate significant local development here.
The company recorded double digit growth both in sales and gross profit despite strong cost pressures in last year.
“We are starting 2011 with continued momentum and look forward to delivering the right results once again”, he said.
source - www.dailynews.lk
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