Nestle Malaysia has highlighted its ambitions to advance the domestic coffee sector by drilling down into local trends and improving crop yields via its NESCAFE Grown Respectfully sustainability strategy.
KUALA LUMPUR (Feb 23): Nestle (M) Bhd s (Nestle Malaysia) net profit for the fourth quarter ended Dec 31, 2020 ticked up 0.5% to RM132.47 million from RM131.82 million a year earlier.
In a bourse filing, the group said its revenue registered a 3.1% increase to RM1.37 billion from RM1.33 billion a year ago, underpinned by sales in Out-of-Home (OOH) channels as restrictions eased in the second half of the year under the Recovery Movement Control Order (RMCO).
Earning per share increased marginally to 56.5 sen from 56.21 sen previously.
Nestle also declared a third interim dividend of 92 sen per share totalling RM215.74 million for the financial year ended Dec 31, 2020 (FY20), to be paid on May 20, 2021.
lifestyle
Did You Know We Have Coffee Farmers In Kedah? Here s What A Day In Their Lives Looks Like I ll usually start my mornings at the coffee farm, then head over to the durian or rambutan orchard in the afternoon.
Published for NESCAFÃ Malaysia, 23 Dec 2020, 01:21 PM
If you haven t heard yet, NESCAFÃ Classic Kopi Kedah is the latest trending coffee in town. What makes it unique is that it s made using 100% homegrown coffee beans from Kedah, woohoo! :DD
In 2019, NESCAFÃ launched their Grown Respectfully programme in Kedah to drive sustainability and enhance the lives of coffee farmers. To date, 100 farmers have been trained and 70,000 coffee seedlings have been planted, while a collection centre has also been established for future harvests.