• Revenue increases by over N100 billion, reaching N547 billion versus 2022; • Operating profit jumps by 41.2%, reaching 122.7 billion; February 28, 2024/Nestle Nigeria Plc Nestlé Nigeria PLC’s sales increased by 22.4% over the previous year, with earnings of N547.1 billion, an increase of N100.2 billion over 2022. Gross […]
Results & Dividends
Nestle Nigeria Plc FY 2023: FX Devaluation Impact on FCY Loans Leads to Net Loss
February 28, 2024/CSL Research Nestle Nigeria Plc’s (Nestle) recently released audited FY 2023 results showed the company’s Revenue increased by 22.45% y/y to N547.12bn in FY 2023 from N446.82bn in FY 2022 driven by both a 30% y/y and 10.6% y/y increase in its Food and Beverage segments to N353.70bn […]
Nestle Nigeria Plc 2023FY: Bottomline Pressured by Soaring FX Loss
February 28, 2024/Cordros Report Nestle Nigeria Plc (NESTLE) published its 2023FY audited financials after the close of market yesterday (27 February). The result revealed a loss per share of NGN100.26 in 2023FY (vs EPS of NGN61.77 in 2022FY) due to the heavy foreign exchange loss incurred (NGN195.07 billion | 2022FY: […]
