Nestle Nig. Plc yesterday released its unaudited financial results for the third quarter of the year ended 30th of September, 2021.
Revenue during the period was N90.15 billion. (+25.71% YoY).
Cost of sales stood at N55.29 billion. (+30.03% YoY).
Gross Profit for the period was N34.86 billion.
Marketing and Distribution expenses during the period was N12.12 billion. (+10.89% YoY).
Net Finance cost of N1.59 billion was recorded.
Profit before tax was N18.21 billion (+18.25%).
Profit after tax was N11.85 billion. (+17.21 YoY).
Total assets during the period stood at N305.63 billion. (+59.45 bn YtD).
Earnings per share of N14.95 Vs N12.76 YoY.
See link to results.
