Monde Nissin Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 03:17 am EDT
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Monde Nissin Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 19,142.93 million compared to PHP 18,874.73 million a year ago. Net income was PHP 1,550.12 million compared to PHP 1,915.6 million a year ago. Basic earnings per share from continuing operations was PHP 0.086 compared to PHP 0.107 a year ago.
For the six months, sales was PHP 39,192.6 million compared to PHP 37,172.26 million a year ago. Net income was PHP 3,485.78 million compared to PHP 4,247.34 million a year ago. Basic earnings per share from continuing operations was PHP 0.194 compared to PHP 0.236 a year ago.
Monde Nissin Corporation is a Philippines-based company, which is engaged in manufacturing, processing, baking, packaging, servicing, repacking, assembling, importing, exporting, buying, selling, trading or otherwise dealing in all kinds of goods, wares and merchandises, which are or may become articles of commerce such as but not limited to noodles, candies, confectionaries, biscuits, cakes and other foods, drugs and cosmetics. The Company operates through two segments: Asia-Pacific Branded Food & Beverage (APAC BFB) and Meat Alternative. The APAC BFB manufactures and distributes a diverse mix of biscuits, bakery products, beverages, instant noodles, and pasta. The Meat Alternative manufactures and distributes a variety of meat alternative brands and products to the retail trade and food service customers in the United Kingdom, United States, Europe (EU) and Asia-Pacific. Its brands include Lucky Me, Mama Sitaâs, and Dutch Mill.
MONDE NISSIN CORPORATION 
