Wednesday, April 20, 2011

Nestle records higher Q1 pre-tax profit

Nestle (Malaysia) Bhd registered a higher pre-tax profit of RM191.1 million for the first quarter ended March 31, 2011, from the RM170.62 million in the same quarter last year.

Revenue jumped 16.1 per cent to RM1.2 billion from the RM1.02 billion recorded previously.

In a statement today, Nestle said the robust double-digit growth was driven by both domestic and export sales.

'Exports sales also grew by a double-digit, sustaining the strong
performance achieved last year. The expanding economies of the neighbouring Asian countries played an important role in this encouraging performance,' it added. -- Bernama

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