Nestle quarterly net profit up 6.4% to RM131.8mil


“The growth in the quarter is noteworthy in light of tough market conditions during the quarter. I am proud of the efforts deployed by our teams to harness all opportunities in search of growth, ” its CEO Juan Aranols(pic) said.

PETALING JAYA: Nestlé Malaysia Bhd’s fourth quarter net profit rose 6.45% to RM131.8mil year-on-year, against a backdrop of tough market conditions during the period.

The group’s revenue for the quarter ended Dec 31,2019, slipped by a marginal 1.4% to RM1.33bil compared with the same period a year ago.

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