Nestle India Q3 net profit up

Wed. November 04, 2009; Posted: 05:00 AM

Nov 04, 2009 (Datamonitor via COMTEX) -- NEIXF | Quote | Chart | News | PowerRating -- Nestle India has reported a net profit of INR1.83 billion, or INR18.96 per share, for the third quarter ended September 30, 2009, compared to INR1.32 billion, or INR13.67 per share, for the corresponding quarter in 2008.

For the third quarter ended September 30, 2009, net sales were INR13.02 billion, compared to INR11.08 billion for the same quarter ended September 30, 2008.

For the first nine months ended September 30, 2009, net sales were INR37.77 billion, compared to INR32.34 billion in the prior-year period. Net profit was INR5.42 billion, or INR56.22 per share, compared to INR4.13 billion, or INR42.83 per share, for the corresponding period of 2008.

Martial Rolland, chairman and managing director of Nestle India, said: "I am pleased with this continuing strong financial performance that enables us to create economic prosperity even in these challenging times. Creating shared value for stakeholders and nutrition, health, and wellness leadership are the cornerstones of our business model and are key reasons for our continued success."

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