NESTLE Declares N21.82bn PAT in Q2 2020 Results, (SP:1175.0k)


Thursday, July 30, 2020 / 3:16 PM / By NSE / Header Image Credit: Invest Advocate

Nestle Nigeria Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Gross Revenue declined by -0.62% to N141.02bn from N141.90bn in the previous quarter.

  • Profit before tax declined by -16.26% to N33.86bn.

  • Profit after tax declined by -16.84% to N21.82bn.

  • Net Assets declined by -30.49% from N45.55bn to N31.66bn.

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