Wednesday, April 23, 2008

Nestle Higher Q1 Profits

Nestle Bhd profit jump by 35% to RM 94.3 mil in the first Q1. The significant jump in revenue 9.9% and EPS reach 40.23 sen compared to 29.78 sen a year earlier. Nestle

Dividen of 61.19 sen per share
Ex Date: 12/05/08

Sustainability and Risk:
Nestle expected 2008 net profit will soften due to high input cost
The forecast cost is expected to increase of the input cost from 30-40% all will contribute to the cost of sales.