Nestle FY18 net profit jumps to RM658.88m
Published on 26 February 2019 Nestle Bhd's revenue rose 4.9 per cent to RM5.52 billion from RM5.26 billion previously, supported by strong growth in both the export and domestic businesses, it said in a filing with Bursa Malaysia today. — AFP pic KUALA LUMPUR, Feb 26 — Nestle Bhd’s net profit for the financial year ended December 31, 2018 jumped to RM658.88 million from RM642.55 million the preceding year. Revenue rose 4.9 per cent to RM5.52 billion from RM5.
“During the year, we continued to drive marketing and trade investments to reinforce the competitive position of our products on the shelf and heighten awareness and endorsement of our brands by consumers. “We also leveraged opportunities offered by the digital and eCommerce landscape, to explore new avenues to deepen engagement with consumers,” he said. The company proposed a final dividend of RM1.
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