Nestle’s Q3 net profit higher at RM161mil

Hofbauer: ‘We constantly look for new opportunities for growth as we adapt to our consumers’ evolving needs and expectations.’

KUALA LUMPUR: Nestle (M) Bhd registered a higher revenue but lower profit in the third quarter as the company channelled more resources into promotional and marketing activities to increase its reach.

It posted a net profit of RM160.71mil or 68.53 sen per share in the third quarter ended Sept 30, 2016 compared with RM179.16mil or 76.40 sen per share for the same period a year earlier.