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Nestle posts net profit of RM156.9m, declares 70 sen dividend

KUALA LUMPUR: Nestle (Malaysia) Bhd recorded a 5.6% decline in net profit to RM156.9mil for the second quarter ended June 30, 2019, as compared the same quarter last year due to an increase in marketing investment as well as negative impact from exchange rates and commodity prices.KUALA LUMPUR: Nestle (Malaysia) Bhd recorded a 5.6% decline in net profit for the second quarter ended June 30, 2019, as compared the same quarter last year due to an increase in marketing investment as well as negative impact from exchange rates and commodity prices.KUALA LUMPUR: Nestle (Malaysia) Bhd recorded a 5.6% decline in net profit to RM156.9mil for the second quarter ended June 30, 2019, as compared the same quarter last year due to a planned increase in marketing investment, as well as some unfavourable net impact from exchange rates and commodity prices.KUALA LUMPUR: Nestle (Malaysia) Bhd recorded a 5.6% decline in net profit for the second quarter ended June 30, 2019, as compared the same quarter last year on the back of higher domestic sales.