Aranols: The strong growth in profit margins was driven by robust domestic sales and our steady focus on driving efficiencies and savings to build bottom-line resiliency.
PETALING JAYA: Nestle (Malaysia) Bhd emerged as the biggest gainer on Bursa Malaysia after the maker of Milo and Maggi instant noodles reported a stronger set of results for the third quarter ended Sept 30, despite the impact from unfavourable exports growth, exchange rate and commodity prices.
Nestle’s stock rose 0.28%, or 40 sen, to RM145.30 yesterday, after the company announced an 8.21% year-on-year (y-o-y) increase in its net profit to RM148.99mil in the July-September 2019 period.
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