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NewsNestle 1Q profit rises 16.6% on higher sales
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Nestle 1Q profit rises 16.6% on higher sales
by hlk Wed 01 May 2013, 08:14
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia
Tuesday, 30 April 2013 18:23
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KUALA LUMPUR (April 30): Nestle Malaysia Bhd announced that its net
profit for first quarter to end-March 2013 was RM184.42 million – a
16.6% higher than RM158.08 million posted in the first quarter of
previous financial year.
Its revenue was also up at RM1.23 billion, from RM1.16 billion.
Earnings per share stood at 78.64 sen, up from 67.41 sen.
Reviewing its results, Nestle said in its filing to Bursa Malaysia that
several of the product categories recorded a strong double digit growth
in Malaysia. These included confectionery, liquid drinks, coffee and
chilled dairy.
Stronger demand from export markets has shown some improvement in
the first quarter of 2013, with growth coming from ASEAN and Oceania,
it said.
“With regard to the profit evolution, higher profit for the quarter was
mainly due to lower operating expenses in the first quarter,” Nestle
stated.
But Nestle expects 2013 to be “another challenging year” as the global
economy still faces many uncertainties.
Written by Ho Wah Foon of theedgemalaysia
Tuesday, 30 April 2013 18:23
A + / A - / Reset
KUALA LUMPUR (April 30): Nestle Malaysia Bhd announced that its net
profit for first quarter to end-March 2013 was RM184.42 million – a
16.6% higher than RM158.08 million posted in the first quarter of
previous financial year.
Its revenue was also up at RM1.23 billion, from RM1.16 billion.
Earnings per share stood at 78.64 sen, up from 67.41 sen.
Reviewing its results, Nestle said in its filing to Bursa Malaysia that
several of the product categories recorded a strong double digit growth
in Malaysia. These included confectionery, liquid drinks, coffee and
chilled dairy.
Stronger demand from export markets has shown some improvement in
the first quarter of 2013, with growth coming from ASEAN and Oceania,
it said.
“With regard to the profit evolution, higher profit for the quarter was
mainly due to lower operating expenses in the first quarter,” Nestle
stated.
But Nestle expects 2013 to be “another challenging year” as the global
economy still faces many uncertainties.
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