NESTLE (4707) - NESTLE | Lower tax, strong export sales | 52.4% increase in net profit 2Q earnings | 70 sen dividend
Nestlé (Malaysia) Bhd:
Positive News:
1.
Reported a 52.4% increase in
net profit for its second financial quarter (2QFY16).
2.
2Q 2016 net profits increased
to RM188.8
million from RM123.9 million in the
same period 2015.
3. Turnover rose 8.2% to RM1.24 billion from RM1.14 billion
last year, on an 18% growth in its exports business and 6% growth in the
domestic one.
4.
For the first half of its financial year ended Dec 31
2016 (1HFY16), Nestlé reported a 31.3% increase in net profit
to RM409.47
million from RM311.78 million in
2015.
5.
Revenue gained 5.4% during the period to RM2.55 billion,
from RM2.42 billion in 2015.
6. Growth in the domestic business was driven by
successful marketing and trade promotions, which also led to a further increase
in the group's market shares.
7. Besides successful promotional campaigns, growth in the
domestic business was due to the launch of new products, like Nestlé Omega Plus
Milk with Oats, Nescafe Latte range, and Coconut Gula Melaka.
8. Its new NESPRESSO business in Malaysia, which sells
high-end premium iconic coffee through the e-commerce platform, was
incorporated to the group in May 2016.
Challenges:
The Brexit shock will
continue to have some bearing to the global and local economy.
Nestlé shares price: RM78.76 (as on 22/08/2016)
Interim
dividend: 70 sen per share
Ex:
Sept 6
Payable:
Sep 29
DY: 3.68%
NESTLE (4707) - NESTLE | Lower tax, strong export sales | 52.4% increase in net profit 2Q earnings | 70 sen dividend
http://mytownpharmacy.blogspot.my/2016/08/nestle-lower-tax-strong-export-sales.html
