Nestle Malaysia posts net profit of RM169.65mil in 2Q, div of 70c

KUALA LUMPUR: As Nestle Malaysia Bhd undergoes a post-pandemic earnings recovery, CEO Juan Aranols warned of mounting headwinds in the months ahead amid disruptions to global supply chains and rising prices in global commodities.

He noted other ongoing developments - the rising inflation, prolonged war on Ukraine as well as the depreciation of the ringgit against the US dollar - will further put pressure on prices and impact the availability of key food commodities.