Organic growth, which cuts out the impact of currency movements and acquisitions, was 8.5% in the nine months to the end of September, the highest since 2008.
Nestle also said it had decided to explore strategic options for peanut allergy treatment Palforzia "following slower than expected adoption by patients and healthcare professionals". It expected the review to be completed in the first half of 2023
Nestle has tweaked its 2022 sales outlook higher, the world's largest packaged food company said ahead of an investor seminar on Tuesday. "We now expect organic sales growth between 8% and 8.5%. The underlying trading operating profit margin is expected around 17.0%. Underlying earnings per share in constant currency and capital efficiency are expected to increase," it said after forecasting in October organic sales would rise around 8%.
TIME Dotcom Bhd's (TDC) recent brand revitalisation could draw in more customers to its fibre broadband services, which are considered an essential utility post-pandemic, opines RHB Research.
According to the research firm, TDC hired renowned local graffiti artist Loo Lok Chern (popularly known as Cloakwork) for its recent brand revitalisation exercise, which introduced new marketing and communication visuals that were "cheeky, bold and fun".
"The new identity was unveiled together with the launch of its 2Gbps FBB service, the fastest in the market.
The group will strive to keep operating costs at manageable levels while enhancing operating capabilities and efficiencies to meet customer requirements and to ensure timely satisfaction of customer orders,” executive director Calvin Ooi Shang How said in a statement
the company had only one single quarter that registered a losss of RM4.18 million in Q4FY19, where the rest of the quarters are performing well. Even with the sharp downturn in steel price, the company managed to record RM23.91 million and RM14.02 million in net profit in Q1 & Q2FY22, which is commendable given how some of the other steel players had suffered losses by now.
Telekom Malaysia Bhd (TM) is emphasising that its procurement process, governed by TM Procurement Policy, undergoes continuous and rigorous review in consultation with the TM Board Tender Committee as part of its process and policy improvement.
In its response to an article on a local media titled "4As states inaccuracy in TM’s statement about the tender fee, telco clarifies views”, the telco said all tender initiatives it undertook adheres to its standard guidance, which provided a set of procedures to manage sourcing activities within TM and its subsidiaries, ensuring it collaborates with agencies that reflect the highest level of capacity and professionalism.
Dufu Technology Corp Bhd expects the demand for hard disk drives (HDD) to continue remaining weak, thus requiring inventory adjustments.
In a filing with Bursa Malaysia, the precision machining parts and components manufacturer said inventory adjustments will likely continue until the end of 2022.
For the third quarter ended Sept 30, 2022, Dufu’s net profit dropped to RM16.42mil from RM20.25mil previously, while revenue fell to RM74.72mil from RM90.99mil before. Basic earnings per share was at 3.10 sen, versus 3.80 sen previously.