Monde Nissin Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 01:59 am EST
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Monde Nissin Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 20,453.3 million compared to PHP 17,681.81 million a year ago. Net income was PHP 2,303.65 million compared to PHP 1,369.54 million a year ago. Basic earnings per share from continuing operations was PHP 0.128 compared to PHP 0.076 a year ago.
For the nine months, sales was PHP 59,645.9 million compared to PHP 54,854.07 million a year ago. Net income was PHP 5,789.43 million compared to PHP 5,616.89 million a year ago. Basic earnings per share from continuing operations was PHP 0.322 compared to PHP 0.313 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 
