To Press Releases listPetaling Jaya,Apr 25, 2017
- Turnover for the quarter grew by 4.4% to RM1.4 billion.
- Domestic and export sales were strong contributors, underpinned by strong marketing and promotions, with a strong base created by new products over the last two years.
- Domestic and export sales achieved solid growth of 4.7% and 3.6% respectively.
- Profit After Tax improved by 4.4% to RM230 million for the quarter.
Nestlé (Malaysia) Berhad started off the financial year on a high note, recording improved top and bottom line results for its first quarter ended 31 March 2017.
Review of Performance – Quarter 1, 2017 vs. Quarter 1, 2016
Turnover for the quarter grew by 4.4% to RM1.4 billion compared with RM1.3 billion in the previous year’s corresponding quarter. This was achieved on the back of strong contributions from both domestic and export sales, which achieved good growth of 4.7% and 3.6% respectively.
Mr. Alois Hofbauer, Chief Executive Officer of Nestlé (Malaysia) Berhad, said, “We had a good start to the year and delivered solid positive results. Domestic sales were driven by marketing and trade promotions, coupled with a strong base created by new products introduced in the last two years that continue to benefit the Group. Our decision to invest upfront in marketing and trade promotions in the last quarter of 2016 has clearly paid off and led to positive results in this quarter.”
“Further to this, we launched several new product innovations during the quarter under review. This included MAT KOOL Panda, NESCAFÉ GOLD Creamy Latte and Dark Latte, MAGGI Hot Mealz, MAGGI Roasted Sesame Chicken Noodles and KIT KAT Mini. This is part of our continuous innovation and renovation drive to meet the evolving needs of Malaysians.”
Group’s profit structure remained healthy, supported by internal efficiency initiatives and diligent cost management which helped to mitigate the impact of increased commodity prices and the weaker Ringgit. This enabled the Group to deliver a higher Profit Before Tax of RM291 million reflecting an increase of 5.4% from the previous year’s corresponding quarter, while Profit After Tax grew by 4.4% to RM230 million for the quarter.
Mr. Hofbauer added, “Moving forward, higher input costs and consumer confidence levels will remain a challenge in 2017. However, despite the economic vagaries at hand, we are confident that our proven strategy to fuel, innovate and transform to grow will enable us to weather these headwinds.”
“We continue to focus efforts on enhancing efficiencies throughout our supply chain and investing into the success of our brands and innovations, as well as intensifying our trade and consumer promotions. Moreover, we are encouraged by the promising long-term prospects for Malaysia which augur well for our Company,” he said.
“We are driven by our purpose – enhancing quality of life and contributing to a healthier future – through which we create value for our shareholders. Delivering on our purpose, we are committed to offering tastier and healthier food and beverages to nourish healthier and happier Malaysians. This is in line with our promise to deliver Good Food, Good Life to all”, concluded Mr. Hofbauer.
About Nestlé Malaysia
Nestlé is the world’s largest food and beverage manufacturer. Headquartered in Switzerland, Nestlé is present in 189 countries around the world, and our 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Our performance is driven by our Nutrition, Health and Wellness strategy. Since 1912, we have been nourishing Malaysians through our quality brands and products, whilst maintaining our Halal excellence and integrity. This is in line with our promise of delivering GOOD FOOD, GOOD LIFE to all. To learn more about how we have been nourishing Malaysians for over a century, do visit www.nestle.com.my or our Facebook page at http://www.facebook.com/NestleMalaysia
For more information, please contact:
Nestlé (Malaysia) Berhad
Tel: (+603) 7965 6650
Joanne Lim or Yasmin Kadir
Tel: (+603) 7958 8348
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