August 21, 2023 | 12:00am
MANILA, Philippines Snack food giant Monde Nissin Corp. has completed the restructuring of its meat alternative business, cautiously optimistic of the growth of this business segment in the coming quarters.
The previously announced restructuring of our meat alternative business has been substantially completed and we are on track to deliver previously guided savings. Despite the continued category challenges, EBITDA improved during the second quarter and we are cautiously optimistic that this will continue in the coming quarters, said Monde Nissin CEO Henry Soesanto.
In the first half of the year,the company raked in consolidated revenue of P39.2 billion, up by seven perce…
Read the full article at: https://www.philstar.com/business/2023/08/21/2290106/monde-nissin-completes-restructure-meat-alternative-business