Hofbauer: These new products and business models have enabled us to set a solid base for growth in the second half of the year.
PETALING JAYA: Nestle (M) Bhd
’s net profit rose 3% to RM166.16mil for the second quarter ended June 30 from RM161.44mil in the previous corresponding quarter on higher revenue.
During the quarter in review, the fast-moving consumer goods company saw its revenue increasing 2% to RM1.31bil from RM1.28bil in the previous corresponding quarter, and its earnings per share (EPS) rising to 70.86 sen from 68.84 sen previously.
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