LT: Nestle Baltics net loss up to EUR 0.9mn in 2011.

By bne IntelliNews November 16, 2012
Lithuanian subsidiary of Nestle recorded net loss of LTL 3.0mn (EUR 0.9mn), up by a factor of 3.5 y/y from LTL 0.9mn in 2010. Sales revenues of the company grew 65% y/y to LTL 168.1mn in 2011, the company announced. Nestle Baltics is based in Vilnius, but has a representative office in Riga, and a branch in Tallinn. Nestle Baltics is 100% owned by the Swiss multinational group Nestle.

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