LAHORE (PR) - Nestle Pakistan has released its half yearly results this week. The Director Report statement said that the effects of the economic revival has raised the inflation to more than 12pc, which together with the prevailing security situation, resulted in challenging operating conditions during the first half of the year. Despite this, Nestle sales grew by 30pc, reaching Rs 25.6 billion, and net profit of Rs19.7 billion. This good performance is mainly due to a very good volume growth (+22.0pc) with contribution coming from all of our key brands. Companys operating margins have slipped down by 120 bps due to higher inflationary impact on input costs (+15pc) and especially on fresh milk. During H1 the company has contributed to the farmers wealth with more than 30pc of its revenues for milk procurement from rural areas. The input cost increase has been partially offset by a modest average selling price increase of 8pc and by an effective management of fixed costs and overheads. The net profit grew by 29pc with contribution coming mainly from lower financial costs. Despite these turbulent times compounded by heavy floods in the country, the company maintains its ambitious investment plan and a positive long-term perspective on the outlook for the business. Lesco GSC Circle meeting held LAHORE (PR) - A meeting of the GSC Circle LESCO was held at the GC Division under the chair of Central Organising Secretary Youth Wing Muhammad Ejaz Pehlwan here on Friday. Ejaz Pehlwan congratulated Director Engineer Chaudhry Mehboob Ali on his appointment at the GS Circle as Project Director. Chaudhry Zahoor Ahmad and Olympian Babar Ali Khan boxer were also present on the occasion. Ejaz Pehlwan also lauded the higher authorities for appointing Engineer Mehboob Ali in the GS Circle for the betterment of the workers and for solving their problems. CNG holiday exemption LAHORE (PR) - As a consequence of heavy floods in the country, production of liquid fuel from the PARCO oil refinery at Mehmood Kot has been reduced. This situation has been further aggravated with damage to major highways making transportation of petrol very difficult hence resulting in its shortage. In order to facilitate the general public, it has been decided by the Federal Government that the weekly gas holiday in CNG sector shall not be observed during the next two weeks so that alternate fuel is available. We expect that this situation will immediately improve as soon as the flood waters recede. After two weeks, therefore, one gas holiday per week shall be observed by the CNG sector in accordance with the existing practice.