By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE) – Beverage maker Nestle Nigeria Plc on Wednesday posted a post tax profit of N6.004 billion in its first quarter 2104 report compared to N5.995 billion in the same period of 2013.

The beverage maker also declared a pre-tax profit of N7.071 billion in the Q1 of 2014 compared to N7.053 billion in the corresponding period of 2013.

The company also recorded a revenue of N33.425 billion in 2014 Q1 compared to N30.696 billion reported in the same period of 2013; indicating a growth in revenue of 8.9 percent.

However, share price of the company lost N40.00 at the close of trading at the Nigerian bourse; it opened at N1, 080.00 and closed at N1, 040.00.