To Press Releases listPetaling Jaya,Feb 23, 2016
- Delivered higher top and bottom line results, driven by increased investments in marketing and promotional activities, as well as improved cost of sales.
- Recorded growth in both domestic and export businesses.
- Profit after Tax of RM591 million for the financial year ended 31 December 2015, up by 7.3% from the previous financial year.
- Proposed final dividend of RM1.10 per share and a special dividend of RM0.20 per share.
Nestlé (Malaysia) Berhad recorded a strong performance for its financial year ended 31 December 2015, delivering improved top and bottom line results.
Review of Performance: Full-Year 2015 vs Full-Year 2014
The Group closed the financial year with a Profit After Tax of RM591 million. This marks a 7.3% increase from RM550 million in the previous financial year.
Mr Alois Hofbauer, Managing Director, Nestlé (Malaysia) Berhad, said, “Amidst a challenging economic backdrop, our performance for the year is reflective of the Group’s strong and resilient foundation. Our bottom line results were primarily driven by improved cost of sales as well as reduced tax expenses for the year. Lower prices for the majority of commodities as well as increased productivity in our factories contributed to the lower cost of sales.”
“Furthermore, the structural improvement in Gross Profit allowed the Group to intensify our marketing and trade investments. These investments were channelled towards launching new innovations for Malaysians in 2015, such as our MILO Nutri G, NESCAFÉ Blend & Brew, new additions to our MAGGI Royale premium range, Sarawak Sambal Laksa and Johor Seafood Laksa, NESCAFÉ Mountain Wash, KIT KAT Green Tea, MAT KOOL Butterfly ice cream, as well as a premium offering for our ice cream sticks range – LA CREMERIA,” he said.
“The cost improvements also helped us to intensify our consumer promotions. This enabled us to move forward on our growth path, despite soft consumer sentiment. Both the domestic business as well as the export business delivered growth in 2015,” added Mr Hofbauer.
Mr Hofbauer added, “Given the volatile economy, both locally and globally, 2016 is set to be a challenging year. Tough market conditions are expected to persist in the domestic business environment, particularly as consumer sentiment remains weak. However, as a Company focused on forward-thinking long-term strategies, we are well-prepared for this demanding climate.”
“Nestlé remains positive on Malaysia’s prospects for the mid to long-term, while maintaining a cautious outlook for the short-term. Moving forward, we will continue with our balanced business approach of prudent cost management, in tandem with steady investments for the future,” concluded Mr Hofbauer.
About Nestlé Malaysia
Nestlé, the world’s largest food and beverage manufacturer and a leader in Nutrition, Health and Wellness, is headquartered in Switzerland. Since 1866, Nestlé has been committed to providing high quality, tasty, safe and nutritious products to our consumers, in line with our promise of Good Food, Good Life. Nourishing Malaysians since 1912, Nestlé has earned the trust of our consumers through our quality brands and products, as well as our commitment to improve the lives of the communities in which we operate. At Nestlé, our consumers are at the heart of everything we do. We aim to delight our consumers by offering the best quality products; staying true to our Swiss roots while maintaining our Halal excellence and integrity. 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 5185
Joanne Lim or Yasmin Kadir
Tel: (+603) 7958 8348
PDF press releases: