Improved efficiency: (from left): Hofbauer, chairman Tan Sri Syed Anwar Jamalullail and Kruegel showing some of Nestle’s products after the AGM. The group is confident of delivering another strong set of results this year.
KUALA LUMPUR: Nestle (M) Bhd
is looking at higher profit margin this year on the back of a stronger ringgit, lower commodity prices and improved efficiency at its factories.
The group expected its gross margin to come close to its financial year 2016 (FY16) levels of nearly 50%.
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