Nestle Nigeria Plc has released its results for the 2018 financial year. Here are highlights of the results
Revenue
Revenue increased from N244 billion in 2017 to N266 billion in 2018. This represents a 9% increase year on year.
Profit before tax
Profit before tax also rose from N46.8 billion in 2017 to N59.7 billion in 2018. This marks a 27% increase, year on year.
Profit after tax
Profit after tax also rose from N33.7 billion in 2017 to N43 billion in 2018. This marks a 27.5% increase year on year.
Earnings per share
Earnings per share increased from N42.55 per share to N54.26 per share in 2018. This marks a 27.5% increase, year on year.
