Nestle (M) Bhd has posted a 6.37% increase in net profit
Filed Under (Business News) by Webmaster on 16-04-2009
Tagged Under : Nestle, profit
In a press conference today, Nestle (M) Bhd reported that they posted a 6.37% increase in net profit to RM100.35mil for its first quarter ended March 31, from RM94.35mil a year earlier, due in part to higher revenue and better operational efficiency and cost control measures.
Revenue increased by 6% to RM983.93mil, compared with RM927.69mil previously.
Earnings per share was 42.79sen, compared with 40.23 sen previously.
Nestle S.A. executive vice-president and zone director for Asia, Oceania, Africa and Middle East, Datuk Frits Van Dijk, said Nestle S.A. had so far performed reasonably well despite the tough economic environment.
He said it was still early days and that it was difficult to predict Nestle S.A.’s performance this year.
