Tuesday, 8 November 2011

Nestle declines on lower Q3 net profit

Nestle (Malaysia) Bhd, the local unit of the world’s biggest food company, fell the most in almost a week in Kuala Lumpur trading after reporting third- quarter net profit fell to RM110 million.

The stock dropped 1 percent to RM49.50 at 9:20 a.m. local time, set for its biggest decline since Nov. 2. -- Bloomberg
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