Maggi Signature, Nestle Nigeria revenue climb 5% as profit hit N26.2 billion, Nestle Nigeria's Unaudited Financial Statements
Nestle Nigeria

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.

DOWNLOAD NESTLE NIGERIA PLC Q3 2018 RESULTS

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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