March 4, 2018
By InvestAdvocate
Lagos (INVESTADVOCATE)-Food and beverage producer, Nestle Nigeria Plc last Friday said pretax profit for the full year ended December 31, 2017 grew 117.3 percent to N46.828 billion from N21.548 billion posted a year ago.
Similarly, post-tax profit of the beverage maker increased 325.5 percent to N33.723 billion from N7.924 billion declared the corresponding period of 2016.
Revenue of Nestle climbed up to N244.15 billion from N181.91 billion recorded the same period of 2016; indicating a growth of 345 percent in the review period, according to the company in a filling with the Nigerian Stock Exchange (NSE).
The food and beverage producer in its corporate action to the NSE declared a final dividend of N27.50 per share representing a dividend yield of 1.96 percent based on the share price as at the March 2, 2018. Earlier, Nestle had paid an interim dividend of N15 during the year, bringing total dividend to N42.50 per share in the review period.
The company said that qualification date is May 4, 2018; while closure date has been scheduled for May 8 to May 11, 2018 and payment date is May 23, 2018 .
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