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NewsUpdate Nestle Malaysia declares final dividend of 175sen/share, after flat 4Q results
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Update Nestle Malaysia declares final dividend of 175sen/share, after flat 4Q results
by Cals Tue 25 Feb 2014, 01:43
| Update Nestle Malaysia declares final dividend of 175sen/share, after flat 4Q results |
| Business & Markets 2014 |
| Written by Ho Wah Foon of theedgemalaysia.com |
| Monday, 24 February 2014 19:20 |
KUALA LUMPUR (Feb 24): Nestle (Malaysia) Bhd declared a final dividend of 175sen/share, after announcing its fourth quarter and full year results.
This dividend will be paid on June 5, 2014.
For its fourth quarter to December 2013, Nestle posted a net profit of RM100.5 million, a slight improvement over 2012’s fourth quarter. Turnover was RM1.1 billion, 3.5% higher than 4QFY12.
For the full year of 2013, net profit rose to RM561.7 million from RM505.4 million in 2012, while revenue rose to Rm4.79 billion from RM4.56 billion.
Commenting on its full-year results, Nestle said: “This good performance was driven by domestic sales which showed a strong growth, while exports contracted slightly due to lower demand from affiliate companies.”
On outlook for this year, it said: “We remain cautiously optimistic on the outlook for 2014. The external environment is showing some signs of recovery in the developed world while the emerging markets economies are experiencing some volatility.”
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