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Nestle Nigeria Plc has forecasted N31.75billion turnover for the second quarter ending June 2013. They also project a post tax profit of N5.03billion for the same quarter. This is a rather strange projection as it is a massive 44% lower than the N56.67billion posted last year.
I find the projections hard to believe as it sounds more like first quarter projection to me. Besides most results published on the website of the NSE are sometimes fraught with errors.
Their share price closed at N900 today (March 5, 2013)
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