Nestle

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.

DOWNLOAD NESTLE NIGERIA PLC FY 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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