Nestle (Malaysia) Bhd delivered a strong performance for its financial year ended 31 December 2017 and has registered a higher revenue by 3.9 per cent to RM 5.3 billion supported by strong export and domestic businesses, which grew 3.0 per cent and 4.1 per cent respectively.
Full year net profit improved by about 1.3% to RM645.8mil, or RM2.75 a share.
The group has proposed a final dividend of RM1.35 sen a share, which will bring its total payout for the year to RM2.75 per share.
“Nestle’s continuous focus on innovation and renovation has also been key in contributing to these positive results, with new and exciting products contributing to our turnover growth.
“The group’s solid performance has been achieved on the back of strategic investments into campaigns that promote better heart health awareness,” said Nestle chief executive officer Alois Hofbauer.
As a result of prudent cost management and effective marketing and trade investments, the Group turned in a Profit before Tax (PBT) of RM814 million and Profit after Tax (PAT) of RM646 million, an increase of 6.2 per cent and 1.4 per cent respectively.
The group also delivered solid growth during the quarter under review ending December 31, 2017 and recorded an increase in revenue from RM1.25 billion to RM1.28 billion, marking a 2.5 per cent jump compared with the same quarter last year.
Domestic sales also grew by 4.5 per cent during the quarter under review on the back of innovation and renovation initiatives as well as successful marketing and trade promotions.
On prospects,Hofbauer said Nestle would continue to strive for delivering high quality products at greater value to Malaysians.
“Whilst 2018 will continue to be challenging, we will work towards ensuring our company’s sustainable growth through our focus on continuous efficiency increases throughout our supply chain, while reinvesting the realised savings into future growth,” concluded Hofbauer.