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nestle malaysia sees half year turnover up 8.6%
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review of performance (quarter 2, 2010 vs quarter 2, 2009)
the group registered a turnover of rm 1.1 billion, 13.9% higher than the same period last year. domestic and exports, both performed well and contributed to the encouraging second quarter performance. locally, the quarter saw many marketing activities and new product launches leveraging on improved economy and consumer sentiment. overall, the businesses performed well in this quarter with a special mention of nestle liquid drinks and chilled dairy which achieved strong growth. another positive note is the robust double digit growth which was registered by the exports business. the significant investment in production lines over the last 3 years have made additional capacity readily available to cater to the higher external demand, regionally as well as globally. the strong economic performance by the neighbouring countries, in particular indonesia and philippines also contributed to the higher exports for the quarter. the operating profit increased at the same rate as sales to rm124.2 million. the profit margin before tax declined by 10bps, slightly affected by higher financing costs stemming from an increase in local interest rates. due to a lower effective tax rate driven by substantial investments made in the last 3 years which qualify for halal tax incentives, profit margin after tax improved by 20bps. review of performance (year-to-date, 2010 vs year-to-date, 2009) for the half year ended 30 june 2010, the group posted a turnover of rm2.1billion, 8.6% higher than the same period last year. domestic sales, leveraging on improved local economy and increased consumer confidence, showed a good improvement over last year. from an exports perpective, the group took advantage of the improving world economy by making great strides to attain a robust double digit growth for the first half of the year. this good achievement was also contributed by the higher demand from the asean neighbouring countries which experienced strong economic growth. new coffee creamer and coffee production lines commissioned in the past 2 years have been well leveraged to meet the increased export demand. while some commodity prices increased sharply during the half year, eg. cocoa powder more than doubled compared to last year's first half average price and skimmed milk powder escalated by more than 30%, the stronger ringgit against us dollar helped cushion partially these increases. additionally. manufacturing efficiencies driven by internal improvement programmes as well as by higher export volumes helped absorb factory fixed costs. as a result, the gross profit margin ended at 33.3%, an improvement of 10bps compared to last year. in the second quarter, the group further intensified its marketing and promotional activities. several new products were launched namely, canned nescafe ipoh white coffee and maggi atta whole wheat noodles with fibre, lower fat and no added msg. the quarter also saw a milo campaign with focus on protomalt, a proprietary malt extract which is one of the key ingredients in milo. profit before tax for the first half at rm288.1million improved by 160 bps against same period last year was mainly driven by timing of overhead cost and the favourable leverage of the fixed cost structure. the halal tax incentives related to the substantial capital investments made in the last three years, helped reduce the effective tax rate . as a result, the profit after tax at rm239.0 million improved by 180bps vs previous year.
Source :flex-news-food.com
Date :
27
August
2010
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greenpeace has alleged in its reports that smart -- which is controlled by indonesia\'s widjaja family, owners of the sinar mas conglomerate -- cleared forests in kalimantan without completing the proper paperwork and destroyed carbon-rich peatlands. big palm oil buyers nestle and unilever have already delisted smart as a supplier and cargill said in march it would do the same if greenpeace\'s allegations were borne out in an independent audit of smart\'s operations and if the firm did not take corrective action.
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swiss food giant nestle has opened two premium chocolate production lines in russia. the two lines, which were transferred from the tuchkovo factory in the ruzsky district, moscow, to the samara region, will produce premium brand comilfo chocolate, the firm said today (26 august). around 149 jobs have been created at the site, which is one of 13 nestle production facilities in russia. laurent freixe, nestlé executive vice president and zone director for europe said: “the transfer of the comilfo production lines allows us to focus our chocolate manufacturing facilities in russia and strengthen the factory as a key competence centre for confectionery products in europe.
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top chefs and industry insiders will reveal the secrets of three-hat restaurants at australia’s pre-eminent food industry event, restaurant*, on 25-26 october 2010 at sydney’s royal hall of industries. now in its fourth year, restaurant* 2010 champions increased professionalism amongst the top restaurants in the country. “restaurant* firmly focuses on the country’s top restaurants, fine dining and premier food experiences.
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nestlé acquired alcon in 1977 for usd 280 million. over the years, nestlé supported alcon\'s r&d drive and international expansion, enabling the company to build a significant global leadership position in the eye care business. taking into account the three steps of the gradual divestment of alcon - the initial ipo of 23.25% in 2002, the sale of 24.8% in 2008 and the sale of nestlé\'s remaining alcon shares to novartis completed yesterday - nestlé has realised usd 41 billion, thereby achieving full and fair value for its shareholders.
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\"in circumstances like these, it is imperative that we recognise the issues our customers face and make the necessary resources available to meet their needs,\" says torben wiborg jensen, application director at danisco. bakery and brewing are two of the main food sectors affected by the forecasted price rise due to their high dependence on, particularly, wheat and barley. maximising flour strength for bakers, danisco\'s powerbake™ range reflects the need to maximise baking performance by optimising flour of varying quality.
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woolworths has reported a 10.1% increase in net profit, to a total of $2 billion, for the financial year. woolworths announced its positive full-year results today, among the most positive for australia’s retail sector, despite a challenging period, as part of a focus on sustainable long-term growth. the food and liquor supermarket division reported a 5.1% increase in sales, of just under $1.7 billion dollars.
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the two production lines were transferred from the tuchkovo factory in the ruzsky district, moscow, to the samara region which will produce comilfo brand chocolate. . nestle executive vice president and zone director for europe laurent freixe said that the transfer of the comilfo production lines allows the company to focus on its chocolate manufacturing facilities in russia and strengthen the factory as a key competence center for confectionery products in europe.
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cargill is launching a new service in europe to offer food manufacturing customers its solid chocolate products in smaller quantities. designed to better meet the needs of smaller users, the new service starts with quantities as low as a single pallet, which weighs about 400-800kg. this is in contrast to a standard minimum order which weighs in at about 6 tonnes. best sellers the products available under the new “off the shelf chocolate” service are described by cargill as the most trusted and best selling products in its solid chocolate portfolio.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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the stuffed 
manufacturers of 