Nestle to ride out rising earnings pressure

In a filing with Bursa Malaysia, the fast-moving consumer goods player noted that rising inflation coupled with the ongoing war between Russia-Ukraine would continue to pile pressure on prices.

PETALING JAYA: Given the ongoing disruptions in the global supply chain and sharp rise in the prices of most globally traded commodities, headwinds could arise in the second half of the year, cautions Nestle (M) Bhd.

In a filing with Bursa Malaysia, the fast-moving consumer goods player noted that rising inflation coupled with the ongoing war between Russia-Ukraine would continue to pile pressure on prices.