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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Nestlé (Malaysia)    NESTLE   MYL4707OO005

NESTLÉ (MALAYSIA)

(NESTLE)
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Nestle (Malaysia)'s Third-Quarter Net Profit Slid 14% as Sales Fell

11/10/2020 | 12:50am EST

By Chester Tay

Nestle (Malaysia) Bhd.'s third-quarter net profit slid 14% from a year earlier due to weaker sales from the hotel, restaurant and café channels.

Net profit fell to 128.4 million ringgit ($31.3 million), while revenue declined 0.9% to MYR1.39 billion, the food company said Tuesday.

For the first nine months of the year, net profit slumped 22% to MYR420.2 million, while revenue dropped 3.5% to MYR4.04 billion.

Nestle said challenges are expected to persist in the near term, but added that it believes longer-term prospects are positive.

Write to Chester Tay at chester.tay@wsj.com

(END) Dow Jones Newswires

11-10-20 0049ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ (MALAYSIA) 0.36% 138 End-of-day quote.-0.65%
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Financials
Sales 2020 5 452 M 1 349 M 1 349 M
Net income 2020 573 M 142 M 142 M
Net Debt 2020 369 M 91,2 M 91,2 M
P/E ratio 2020 56,7x
Yield 2020 1,82%
Capitalization 32 361 M 8 004 M 8 007 M
EV / Sales 2020 6,00x
EV / Sales 2021 5,72x
Nbr of Employees 4 499
Free-Float 18,4%
Chart NESTLÉ (MALAYSIA)
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Nestlé (Malaysia) Technical Analysis Chart | MarketScreener
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Technical analysis trends NESTLÉ (MALAYSIA)
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 125,82 MYR
Last Close Price 138,00 MYR
Spread / Highest target 10,1%
Spread / Average Target -8,83%
Spread / Lowest Target -26,1%
EPS Revisions
Managers and Directors
NameTitle
Juan Aranols Chief Executive Officer & Executive Director
Zainol Anwar ibni Putra Jamalullail Chairman
Craig Grant Connolly Chief Financial Officer & Executive Director
Alessandro Monica Executive Director-Technical & Production
Frits Wout Marie van Dijk Independent Non-Executive Director
Sector and Competitors