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.