March 2, 2017/InvestmentOne Research

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Nestle Nigeria Plc released its Q4 2016 results today.

Please find key highlights of the Q4 2016 results below:

·         Revenue  of N52.43bn: up +6.9% q/q; +21.1% y/y

·         Profit before tax of N16.04bn: up +248.1% q/q; +88.6% y/y

·         Profit after tax of N7.44bn compared to loss after tax of –N51m in Q3 2016

·         The company proposed a final dividend of N10 per share representing a dividend yield of c.1.8% based on yesterday’s close price.