May 31, Colombo: The shareholders of Nestle Lanka PLC at the 27th Annual General Meeting (AGM) recently acknowledged the efforts of all employees in the Company for ensuring credible performance during the challenging year of 2007.

Achieving a turnover of 16.267 billion rupees, Nestlé Lanka recorded an organic growth of 15% over the previous year. Moreover, the company contributed over 57% of its value added to the Government of Sri Lanka as taxes/duties while approximately 26% was paid to shareholders as dividends.

All proposals of the Board of Directors, including the approval of the annual report and accounts, declaring the final dividend of 16 rupees per share, re-electing the directors and re-appointing the auditors, were voted with strong majorities.