Nestle Malaysia 1Q net profit down 6% at RM175.16m, no dividends declared

Nestle (Malaysia) Bhd’s net profit for the first quarter ended March 31, 2021 (1QFY21) fell 6% year-on-year to RM175.16 million from RM186.31 million, underpinned by lower out-of-home sales activities due to the Covid-19 pandemic.