Nestle Nigeria Plc has released its results for the third quarter ended September 30, 2018. Here are highlights of the results
Revenue
Revenue increased from N185 billion in 2017 to N203 billion in 2018. This represents a 9.72% increase year on year.
Profit Before Tax
Profit before tax jumped from N34.4 billion in 2017 to N48 billion in 2018. This represents a 39.5% increase year on year.
Profit After tax
Profit after tax also surged from N22.9 billion in 2017 to N33.1 billion in 2018. This represents a 44.5% increase year on year.
Earnings Per Share
Earnings Per Share jumped from N28.99 to N41.78. This represents a 44.1% increase year on year.
Current Share Price
Nestle Nigeria Plc is currently trading at N1380.20 in today’s trading session on the NSE.
The company has declared an interim dividend of N 20 per share.
