To Press Releases listPetaling Jaya,Apr 30, 2013
Key Highlights - First Quarter 2013
- Turnover of RM1.2 billion in Q1 2013, 5.4% higher than the previous corresponding period and 11.6% vs Q4 2012.
- Good performance, driven by robust Domestic growth and improved Export
- Profit Before Tax of RM243.1 million and Profit After Tax of RM184.4 million with an underlying margin improvement of 200 bps and 140 bps respectively
Petaling Jaya, 30 April 2013 – For the first quarter ending 31 March 2013, the
Group registered a turnover of RM1.2 billion, 5.4% higher than the same period last
year and a robust growth of 11.6% vs Q4 2012. This is a commendable result for the
Group considering the exceptionally strong growth performance recorded in the first
quarter of the previous financial year.
Backed by continuous investments in marketing and promotional activities, several of
the product categories recorded a strong double-digit growth in the domestic market,
particularly for the Confectionery, Liquid Drinks, Coffee and Chilled Dairy categories.
The expanding local economy and positive consumer sentiment have helped the
Group sustain its good performance.
Recovering from slow export sales in Q4 last year, the demand from Export markets
has shown improvement in the first quarter of 2013. Growth from ASEAN and
Oceania, big export regions for the Group, is well within expectation. The economic
outlook for these regions appears positive, and the Group is well prepared to take
advantage of this situation in 2013.
From an input cost perspective, an easing in the price of commodities and some
positive mix resulted in an improved Gross Profit margin. Higher investments in
marketing and promotional activities have further strengthened the brands and have
positively impacted sales. As a result, the quarter saw an improvement of 180 bps in
the Operating Profit margin.
A similar trend was noted for Profit before tax, which reached RM243.1 million with
an underlying margin improvement of 200 bps, whilst Profit After Tax stood at
RM184.4 million showing a margin improvement of 140 bps.
Our commitment to Creating Shared Value
Nestlé (Malaysia) Berhad achieved the highest-level rating for the 2012 Creating
Shared Value (CSV) report, which accompanies the Group’s Corporate and
Financial reports. The report was externally verified by Bureau Veritas Certification
for an A+ rating in accordance with the GRI (Global Reporting Initiative) 3.0
standards for the Food Processing Sector.
This is in line with Nestlé global standards, and consistent with the Company's
commitment to creating shared value for both the company and society at large.
For more information, please contact:
Zamira Yasmin Abdul Rahman
Nestlé (Malaysia) Berhad
Tel: (+603) 7965 6212
Tunku Putri Nur Asma Tunku Jaafar / Rose Azrin Dahlan
WestCoast Public Relations
Tel: (+603) 7954 4505