KUALA LUMPUR: With the results of its first-quarter (1Q) performance in, Nestle (Malaysia) Bhd said 2024 is shaping up to be a challenging year with pressure on short-term growth as a result of inflation, foreign exchange volatility as well as heightened inflation.
The consumer group reported a 1Q net profit of RM195.51mil as compared to RM197.15mil, representing an earnings per share of 83.37 sen compared to 84.07 sen.
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