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Nestle posts strongest-ever revenue despite boycott calls

Boycott calls seem to have little impact on Nestle (M) Bhd as its annual revenue hit a record-high of RM7.05bil in the financial year of 2023 (FY23).

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A more optimistic outlook for consumer sector this year

The consumer sector is looking more optimistic this year as domestic spending is expected to be boosted by government handouts to increase spending on staple food and a higher number of tourist arrivals.

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A better year in store for local currency

PETALING JAYA: A firmer ringgit is expected in 2024, with the local currency forecast to strengthen to RM4.40 per US dollar by the end of next year.

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Fluctuating commodity prices a concern

Despite enjoying relatively resilient demand for staple-related products, consumer companies will likely see their margins come under pressure due to volatility of commodity prices.

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Nestle 3Q net profit at RM133.7mil, declares 70 sen dividend

KUALA LUMPUR: Nestle (M) Bhd, which posted a 19% jump in net profit to RM133.7mil in the third quarter ended Sept 30 (3Q), has declared an interim dividend of 70 sen per share.

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Nestle Malaysia to promote sustainable cocoa farming in Borneo

KUALA LUMPUR: Nestle (M) Bhd has inked a memorandum of understanding with the Malaysian Cocoa Board (MCB) to promote sustainable and responsible sourcing, as well as the adoption of regenerative agriculture practices by farmers.

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All pumped up for breakfast

ALMOST 50,000 took part in the Milo Malaysia Breakfast Day (MBD) 2023 finale at Dataran Wawasan in Putrajaya.

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Thriving on volatility

Not one to rest on its laurels, food and beverage giant Nestle is spending big to upgrade its manufacturing facilities and expand production capacity as it reaches for even greater heights

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Nestle Malaysia sales expected to remain resilient

Nestle (M) Bhd’s sales are expected to remain resilient, especially on the local front, underpinned by its strong brand recognition, wide customer-base and new product launches.

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Nestle remains confident in the prospects of Malaysia

PETALING JAYA: Nestle (M) Bhd is optimistic that food commodity prices will improve in the latter half of the year.

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