Monde Nissin logs another impairment as meat-free sales decline
Monde Nissin’s 2023 fiscal year was marred by another impairment charge for its meat-alternatives business as sales fell and losses widened.
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Monde Nissin’s 2023 fiscal year was marred by another impairment charge for its meat-alternatives business as sales fell and losses widened.
Monde Nissin’s shareholders have committed “risk” financing following an impairment charge related to its Quorn Foods meat-free business.
MONDE Nissin is considering the possibility of mergers and acquisitions (M&As) as well as product innovations to drive future growth.
Quorn-owner Monde Nissin has invested $21.74m in its facility in Davao City in the Philippines to grow production, including two more brands.
Listed Monde Nissin Corp. on Tuesday said it has earmarked P1.2 billion for the expansion of its manufacturing facility in Davao. The company kicked off the expansion of the plant via a groundbreaking ceremony. The expanded factory will have a bakery and biscuits facility for biscuit and bread brands. The…