Thursday, 23 February 2012

Nestle posts higher pre-tax profit

Published: 2012/02/23

Nestle (Malaysia) Bhd's pre-tax profit for the financial year ended Dec 31, 2011 jumped to RM558.81 million from RM465.74 million previously, driven by growth in export and domestic sales.

Revenue for the year rose to RM4.70 billion from RM4.03 billion a year ago.

The company has declared a final dividend of 125 sen a share (tax exempt) totalling RM293.12 million, payable on May 30, 2012.

On the domestic front, the excellent results were driven by solid performance in many product categories. 

Focus on fewer but bigger innovations and renovations helped the group launch new exciting products to capture new market segments and support the overall growth, Nestle said in a filing to Bursa Malaysia today. 

It said the most recent launch of Nescafe Dolce Gusto Beverage System has been well received by the market, while earlier launches such as Milo Sejuk, Nestle Crunchy Bite wafer and Nestea Ice Lemon Tea, also showed positive sales trend. 

The group exports its products globally, of which more than half were contributed by the ASEAN region. 

"Benefitting from the resilient and strong economic performance in this region, exports continue to grow at double-digit and represent almost 25 per cent of total sales," it added. 

Nestle said it expects 2012 to be a very challenging year as many uncertainties could dampen global economic growth and further drive volatility in commodity costs. 

The group will continue to capitalise on product innovation and renovation as well as promoting nutritional diets and healthy lifestyles in line with the government's goal of creating a healthy and productive society, it said. 

It will remain focused on growing both top and bottom lines this year. "The group will continue to intensify its marketing investment in line with our objective of being the leader in nutrition, health and wellness, become an industry benchmark for its financial performance as well as maintain our stakeholders' trust," it added. -- BERNAMA

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