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Massive==> Nestle Post N21Billon Profits For Year Ended December 2012

Nairametrics by Nairametrics
February 20, 2013
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NESTLE

Nestle once again has posted impressive earnings following the release of their year end to December 2012 results. Revenue increased  19% to N116b when compared to the same period last year. Pre-tax profits also increased 38% to N25billion while profit after tax also increased 27% to N20.9billion.

The company was also able to hold cost as the percentage of operating expenses to revenue largely remained unchanged. Finance cost also reduced massively (72%) N3.3billion to N940million only. Cash flow from operations was a massive N30billion much of which was used to repay loans of about N11billion. See the full results below as published on the website of the NSE.

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NESTLE NIGERIA PLC AUDITED ACCOUNTS FOR THE YEAR ENDED DECEMBER 31 2012

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