Against a background defined by constrained purchasing power, subdued consumer sentiment and cautious spending throughout the Chinese New Year and Hari Raya festive seasons, Nestlé Malaysia sales reached RM3.3 billion for the first half of 2024 , a correction of 8% versus the historically high record sales achieved for the first half of 2023. The cumulated sales are on par with the very solid sales achieved in the first half of 2022.
At Nestlé Malaysia, he added they remain focused on providing solid value propositions across their brands and products that meet the expectations of Malaysians. Profitability for the quarter and for the half year, while contracting versus the high baseline periods of comparison in 2023, remained at a healthy level, with H1 Profit Before Tax at RM385 million and H1 Profit After Tax at RM289.1 million, allowing the Company to declare a first interim dividend payment of RM0.70 per share, the same level as the prior year.
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