The consumer sector is looking more optimistic this year as domestic spending is expected to be boosted by government handouts to increase spending on staple food and a higher number of tourist arrivals.
Despite enjoying relatively resilient demand for staple-related products, consumer companies will likely see their margins come under pressure due to volatility of commodity prices.
KUALA LUMPUR: Nestle (M) Bhd, which posted a 19% jump in net profit to RM133.7mil in the third quarter ended Sept 30 (3Q), has declared an interim dividend of 70 sen per share.