Monde Nissin net loss sharply lower at P625M

By Brix Lelis

Apr 12, 2024 12:20 am

SNACK food giant Monde Nissin Corp. significantly narrowed its net loss in 2023 to P625 million from the P13.02 billion incurred a year earlier.

The loss was mainly due to a non-cash, non-operating impairment of assets in the meat alternative business following a higher weighted average cost of capital, Monde Nissin told the stock exchange on Thursday.

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