Live Breaking News & Updates on Nd Quorn Chief Executive Officer Marco Bertacca Ina Media Briefing On Thursday May 11

STILL OPTIMISTIC. Monde Nissin executives (from top to bottom, left to right) chief financial officer Jesse Teo, chief executive officer Henry Soesanto, and Quorn chief executive officer Marco Bertacca in a media briefing on Thursday (May 11, 2022). The company remains optimistic with its business back by the local market despite input costs hike. (Screenshot from Monde Nissin Zoom meeting) MANILA - Filipino food manufacturer Monde Nissin Corporation has kept its business afloat despite increasing prices of raw materials brought by developments outside the country. In a media briefing, Monde Nissin chief financial officer Jesse Teo said supply bottlenecks and rapid increase in input costs cut the company's profit in the first quarter of the year. "Input costs have increased well over 20 percent for the key region. For the key raw materials that we have from oil and meat, for every 10 percent increase of that, it's a 1.5 percent margin hit to our business," Teo said. T ....

Henry Soesanto , Jesse Teo , Monde Nissin Corporation , Monde Nissin , Asia Pacific Branded Food , Still Optimistic Monde Nissin Executives From Top To Bottom , Eft To Right Chief Financial Officer Jesse Teo , Chief Executive Officer Henry Soesanto , Nd Quorn Chief Executive Officer Marco Bertacca Ina Media Briefing On Thursday May 11 , 022 The Company Remains Optimistic With Its Business Back By Local Market Despite Input Costs Hike Screenshot From Monde Nissin Zoom Meeting Manila Filipino Food Manufacturer Corporation Has Kept Afloat Increasing Prices Of Raw Materials Brought Developments Outside Country Ina Media Briefing , Onde Nissin Chief Financial Officer Jesse Teo Said Supply Bottlenecks And Rapid Increase In Input Costs Cut The Company 39s Profit First Quarter Of Year Quot Have Increased Well Over 20 Percent For Key Region Raw Materials That We From Oil Meat , Or Every 10 Percent Increase Of That , T 39 Sa 1 5 Percent Margin Hit To Our Business , Uot Teo Said The Listed Firm Reporteda 7 2 Percent Increase In Consolidated Revenues From January To March 2022 Period Amounting Php18 3 Billion Its Net Income Declined By 13 5 Php2 1 Same Company Chief Executive Officer Henry Soesanto They Remain Optimistic About Business But Will Continue Monitor Risks Brought Increasing Commodity Prices Quot While We Hada Strong Start Year And Continuation Of Growth Are Seeing , Ommodity Inflation Remainsa Concern For Our Apac Bfb Asia Pacific Branded Food And Beverage Business It Is Something That We Will Proactively Respond To As The Year Progresses , Uot Soesanto Said Teo The Availability Of Shipping Containers Due To Pandemic Related Restrictions In China Is Dragging Company 39s International Business Quot Our Products Have Momentum Just Before Container Crisis Happened , Nd We Expect To Be Able Pick Up Where Left Off Once The Crisis Is Done Our Domestic Business , Hich Is Part Of The International Though , S Doing Quite Well It 39s Growing And Through Share Growth , Uot Teo Said Quot But We Like To See These Smaller Businesses Becomea Growth Driver For Us Pna ,