Monde Nissin losses down to P625M in 2023

MANILA, Philippines — Food manufacturing giant Monde Nissin Corp. reported a P625-million net loss in 2023—an improvement from the P13-billion loss it disclosed the previous year—due to impairment of assets in its meat alternative business. In a stock exchange filing on Thursday, Monde said the noncash, nonoperating impairment of assets in Quorn Food totaled P10.1
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