Net profit improvement

Nestle’s CEO Juan Aranols (pic) expects the repercussions from the Covid-19 pandemic to continue, especially through the first half of the year.

PETALING JAYA: Nestle (M) Bhd reported a marginal net profit growth in the fourth quarter ended Dec 31,2020 (4Q20) as a recovery in local sales and exports ended its three consecutive quarters of bottomline contractions.

The food and beverage group told Bursa Malaysia yesterday that its net profit in 4Q20 inched up by 0.5% year-on-year (y-o-y) to RM132.49mil as compared to 131.82mil a year earlier.