By InvestAdvocate

Lagos (INVESTADVOCATE)-Food and Beverage giant Nestle Nigeria Plc, Thursday reported a 13.5 percent (13.5%) post-tax profit for its second quarter result for the period ended June 30 2013, according to the Nigerian Stock Exchange (NSE).

To record the 13.5% growth in post-tax profit, the company announced N11.171 billion in the Q2 of 2013 compared to N9.845 billion it recorded in the same period of 2012; indicating an increase in post-tax profit of 13.5% in the review period.

Similarly, its Q2 pre-tax profit this year increased by 14.8% as Nestle recorded N13.217 billion compared with N11.517 billion announced in the same period year 2012.

While revenue increased to N62.444 billion  from N56.678 billion reported in the same period of last year; indicating an increase of 10.2% in the review period.