Nestle's chief executive officer Juan Aranols said: “We take great pride in having contributed effectively to the supply of essential foods and beverages for Malaysians under MCO, while keeping our people and business partners safe and supporting the community in this difficult time. These were our three key non-negotiable priorities during this critical period.”
KUALA LUMPUR: Nestle (Malaysia) Bhd posted net profit of RM105.53mil in the second quarter ended June 30, 2020 as revenue was impacted by the Movement Control Order (MCO) on the hotel, restaurant & café (HORECA) channels.
It announced on Tuesday the net profit was a decline of 32.7% from RM156.88mil a year ago. It also said in 2Q last year, there was a one-off gain of RM19.7mil arising from the divestment of the Petaling Jaya factory.
Limited time offer:
Just RM5 per month.
