Nestle Malaysia reported a turnover of RM1.68 billion for the third quarter of its current financial year reflecting a 17% increase compared with the same quarter last year. The food company also was its domestic and export sales increased by 13.5% and 30.2% respectively as economic activities continued to stabilise both locally and globally.
Both Profit Before Tax and Profit After Tax of RM149.6 million and RM112.6 million was lower compared with the same period last year, primarily due to the impact of higher commodity prices and unfavourable exchange rates, as well as the quarterly impact of Cukai Makmur (Prosperity Tax) on PAT.
For the first nine months ended 30 September 2022, the Group turnover reached RM5.02 billion, marking a 17.5% increase from RM4.27 billion in the same period last year. Domestic and export sales grew by 13.7% and 33.8% respectively on the back of solid growth in both the core Food and Beverage (F&B) and OOH segments, which continued to benefit from strong recovery following the full lifting of movement restrictions earlier in the year.
In line with its commitment to deliver value to shareholders, the Board declared a second interim dividend of RM0.70 per share for the financial year ending 31 December 2022, consistent with the second interim dividend of 2021.
