Monde Nissin profit drops 60% in 2021

By Faye Almazan

Mar 26, 2022 12:15 am

LISTED Monde Nissin Corp. on Thursday reported a double-digit slump in its full-year net income last year due to one-offs in the first half, including Arran convertible note and initial public offering-related expenses.

In a virtual briefing on Thursday, Monde Nissin chief financial officer Jesse Teo reported that the company's profit ended at P3.2 billion, down 60.5 percent year on year.

Logo of Monde Nissin Corp. PHOTO FROM MONDE NISSIN WEBSITE

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Globe rolls out 587 new 5G sites across PH

MPTC defers tollway merger talks with SMC

Italpinas inks five property joint ventures

Consumer spending lifts SM Investments income

GCash growth to prompt cybersecurity focus

Profits from new plant boost D&L net to P2.3B

Summit Telco subscription cleared – DITO CME