Business posted on 7/29/2021 6:00:19 PM by Sana , Likes: , Comments: 0, Views: 978
Volume growth, overheads control and value chain cost optimization initiatives led to a 24.3% increase in the Company’s operating profit compared to same period last year. The reduction in the financing costs contributed towards improvement in the net profit.
Despite all the challenges of on-going pandemic situation and rising input costs emanating from surge in the commodity prices, the Company remains cautiously optimistic about the performance in the coming period on the back of strong brand equity and continuous initiatives for operational excellence supported by highly committed workforce.
Nestlé is the world’s largest food and beverage company. It is present in 191 countries around the world, and its 328,000 employees are committed to Nestlé’s purpose of unlocking the power of food to enhance quality of life for everyone, today and for generations to come. Nestlé offers a wide portfolio of products and services for people and their pets throughout their lives.