Nestle Nigeria Plc announces financial results for Q3 2019

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By Peter Ejiofor

Nestlé Nigeria Plc has announced its financial results for nine months period ending Sept. 30, 2019.

The financial results made available to the News agency of Nigeria (NAN) on Friday in Lagos, showed that for the period January to September 2019, the company recorded a revenue of N211.3 billion – a growth of 4.0 percent over the same period in the previous year and a profit after tax of N36.8 billion.

According to the unaudited financial statements of the company, Nestlé Nigeria Plc posted a revenue of N69.4 billion and profit after tax of N10.6 billion in Q3 2019.

It said that the Board of the company at its meeting held on Oct. 29, 2019 approved an interim dividend of N25 per share.

Nestle Nigeria Plc financial results for Q3 2019 new

Mr Mauricio Alarcon, Managing Director and CEO of Nestlé Nigeria Plc said, “We are pleased to have again, recorded revenue growth in the increasingly volatile business environment.

“This indicates the strength of our brands and our consumers’…



Source: News Agency of Nigeria