The UK meat alternative business continues to erode the earnings of food and beverage giant Monde Nissin Corporation, although Quorn’s losses and the principal shareholders’ guarantee have further exacerbated the situation, rather than easing the burden. In a disclosure to the Philippine Stock...
Food and beverage firm Monde Nissin Corporation reported a turnaround last year with a net income of ₱450 million from a net loss of ₱625 million in 2023 even though its meat alternative business continues to rack up losses. In a disclosure to the Philippine Stock Exchange, the firm said...
Monde Nissin Corporation COO Michale Stanley D. Tan Food and beverage firm Monde Nissin Corporation is sending its Chief Operations Officer, Michael Stanley D. Tan, to its UK-based meat alternative business, which has been facing financial challenges, to make it more efficient. In a...
Food and beverage manufacturer Monde Nissin Corporation expects strong earnings growth for 2024, driven by record revenues, despite ongoing challenges in its meat alternative business. Based on preliminary and unaudited financial results disclosed to the Philippine Stock Exchange, the company...
Food and beverage manufacturer Monde Nissin Corporation reported a 13.8 percent drop in net income to P1.99 billion in the third quarter of the year, primarily due to non-core items related to its meat alternative business which reduced earnings by P359 million. In its disclosure to the Philippine...
Monde Nissin Corporation reported a net loss of P625 million last year as it continued to suffer from its meat alternative business although this is an improvement from the P13.02 net loss incurred in 2022. In a disclosure to the Philippine Stock Exchange, the firm said its reported net loss for...
Monde Nissin Corporation’s meat alternative business, under the brand Quorn, continues to be a drag in the company’s financial performance in 2023 and has been offsetting growth in other segments. In a disclosure to the Philippine Stock Exchange, Monde Nissin said “Our Meat Alternative...
I CAN'T BELIEVE IT'S NOT MEAT Quorn products in various pasta applications Whenever I go out to tape my show Foodprints on Metro Channel, I come back feeling heavy and with a guilty conscience having pigged out. But my justification is “it’s my job.” So, on the way back, I’m already...
