24 Feb '16, 4am

Nestle’s FY15 Net Profit Up at RM591 million, Pays RM1.30 Dividend: Nestle (M) Bhd’s fourth quarter net profit rose… https://t.co/nJ3XK4ygj1

Nestle (M) Bhd’s fourth quarter net profit rose 2% to RM99.79 million from RM98.3 million a year earlier. The food and beverage manufacturer said profit rise came on revenue growth during the fourth quarter ended Dec 31, 2015 (4QFY15). In a statement to Bursa Malaysia today, Nestle said revenue was higher at RM1.2 billion versus RMI. 11 billion on domestic and export sales. “From profit perspective, gross profit increased from RM377 million to RM460 million, a growth of 21.9% vs the corresponding period last year. Main drivers for this good profit development were the turnover increase, favourable trends in most of the raw materials, as well as diligent cost management throughout the value chain. “The cost saving initiatives also allowed the group to increase its marketing and trade investments,” Nestle said. Full-year (FY15) net profit climbed to RM590.73 million from RM5...

Full article: http://thefinance.sg/2016/02/24/nestles-fy15-net-profit-u...

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