Sri Lanka stock exchange showcases NestlÃ© unit
ECONOMYNEXT – The head of Nestlé’s Sri Lanka unit rang the ceremonial bell at the Colombo stock exchange to open trading Tuesday with officials saying the food multinational’s profitability should serve to lure investors.
“Nestlé contributes to the capital market by doing very well in terms of profitability and thereby helping present a valuable investment opportunity for investors,” CSE chairman Vajira Kulatilaka said.
“We are always looking to showcase Sri Lanka and our capital market in a new light to the world and we hope that you will aid us in this endeavour.”
Managing Director of Nestlé Lanka PLC Shivani Hegde, who formally opened trading, said the firm is honoured to be one of the top five listed corporates in Sri Lanka.
“Our position as the fourth most valuable company in terms of market capitalization not only boosts our credibility as a top corporate within the local industry, but moreover it enhances our appeal as a potential company for local investors to invest in,” she said.
The CSE has played an integral role in helping corporates ensure governance and transparency in their operations providing a well-defined framework to work within, she said. (Colombo/September 1 2015)