Monde Nissin Corporation Reports Earnings Results for the Full Year Ended December 31, 2023
April 11, 2024 at 03:16 am EDT
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Monde Nissin Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was PHP 80,169.47 million compared to PHP 73,880.71 million a year ago. Net loss was PHP 636.41 million compared to PHP 13,020.51 million a year ago.
Basic loss per share from continuing operations was PHP 0.04 compared to PHP 0.72 a year ago.
Monde Nissin Corporation is a Philippines-based company, which is engaged in manufacturing, processing, baking, packaging, servicing, repacking, assembling, importing, exporting, buying, selling, trading or otherwise dealing in all kinds of goods, wares and merchandises, which are or may become articles of commerce such as but not limited to noodles, candies, confectionaries, biscuits, cakes and other foods, drugs and cosmetics. The Company operates through two segments: Asia-Pacific Branded Food & Beverage (APAC BFB) and Meat Alternative. The APAC BFB manufactures and distributes a diverse mix of biscuits, bakery products, beverages, instant noodles, and pasta. The Meat Alternative manufactures and distributes a variety of meat alternative brands and products to the retail trade and food service customers in the United Kingdom, United States, Europe (EU) and Asia-Pacific. Its brands include Lucky Me, Mama Sitaâs, and Dutch Mill.