Nestle (Malaysia) Berhad announced stronger-than-expected quarterly results, with a 15% increase in net profit. This positive earnings report boosted its share price by 2.5% to RM128.50, reflecting investor confidence in its growth strategy.
Nestle (Malaysia) Berhad today announced encouraging fourth-quarter results, surpassing market expectations and sending its share price up by 2.5% to RM128.50. The company reported a 15% year-on-year increase in net profit, attributed to robust sales growth and effective cost management. Revenue also climbed 8%, primarily driven by its core food and beverage products. Management stated that despite inflationary pressures, the company successfully maintained profitability through product innovation and market expansion strategies. This positive earnings report boosted investor confidence, with analysts generally upgrading their earnings forecasts and target prices for Nestle (Malaysia). The company is expected to continue focusing on premium products and sustainability to maintain its market leadership.
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