Nestle's FY23 net profit rises to RM659.87mil on higher sales


KUALA LUMPUR: Nestle (Malaysia) Bhd’s net profit for the financial year ended Dec 31, 2023 (FY2023) rose to RM659.87 million from RM620.33 million in FY2022, contributed by higher sales and its continuous focus on driving internal efficiencies and saving initiatives.

This has helped to alleviate the impact of unfavourable commodity prices and exchange rates.

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Nestle , Prosperity Tax , consumer , F&B

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