Nestle posts Q2 profit of RM105.5mil


Nestle chief executive officer Juan Aranols (pic)said the group like other companies had to navigate through the Covid-19 crisis. “We take great pride in having contributed effectively to the supply of essential foods and beverages for Malaysians under the MCO, while keeping our people and business partners safe and supporting the community in this difficult time."

KUALA LUMPUR: Nestle (Malaysia) Bhd posted a net profit of RM105.53mil in the second quarter ended June 30 as revenue was impacted by the movement control order (MCO) on the hotel, restaurant and café (HORECA) businesses.

In a statement, the company said net profit declined 32.7% from RM156.88mil a year ago.

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