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Nestlés revenue hits N203bn in Q3

Nestlés revenue hits N203bn in Q3

COMFORT EKELEME

Nestlé Nigeria Plc has released its financial results for nine months period ending September 30, 2018.Within the period under review, the company recorded revenue of N 203.1 billion, a growth of 9.7per cent over same period in the previous year – and a profit after tax of N 33.1 billion.

According to the unaudited financial statements of the Company, Nestlé Nigeria posted revenue of N 67.8 billion in third quarters 2018, up from N 63.3 billion in third quarters 2017.

The Board of Nestlé Nigeria in its meeting held on October 29th 2018 approved an interim dividend of N20 per share.Managing Director/Chief Executive Officer, Nestlé Nigeria, Mr. Mauricio Alarcon said, “Our growth is the result of our disciplined execution and investments in the expansion of our route to market; our marketing initiatives focused on nutrition awareness, as our consumers continue to trust us to deliver high quality, affordable, nutritious food products every day. All of this is well supported by the dedication and professionalism of our people.

“To sustain our performance, we will continue to focus on creating an environment where our people can grow to their potential while delivering their best performance. Driven by our purpose of enhancing quality of life and contributing to a healthier future, we continue to create value for all stakeholders across our value chain as we source and deliver products adapted to local preferences.

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