Monde Nissin Corporation reported that its core net income for fiscal year 2024 rose by 28.6 percent year on year to PhP9.8 billion.
The growth was driven by a 23.4 percent year-on-year increase in APAC Branded Food and Beverage core net income, which reached Php10.6 billion for the full year.
Consolidated revenue for the full year increased by 3.7 percent to Php83.1 billion, with fourth quarter comparable growth at 5.1 percent.
Cash flow from operations for the year of PhP12.8 billion enabled the board of directors to declare from the unrestricted retained earnings as of December 31, 2024 a dividend of PhP 0.15 per common share yesterday with a record date of April 25 and a payment date of May 22, 2025.
