Nestle Bhd’s net profit increased to RM133.7 million in Q3 2023 from RM112.65 million in the same period the previous year, boosted by robust sales growth.
This comes along with seasonally higher sales volume as year-end festivities and school holidays draw near, it said. Yesterday, Nestle announced that its net profit increased to RM133.7 million in the third quarter ended Sept 30, 2023 from RM112.65 million in Q3 2022, boosted by robust sales growth. In a filing to Bursa Malaysia, Nestle said its financial performance in Q3 2023 was partially offset by export sales which were lower compared to the very high baseline in Q3 2022.
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