NESTLE Declares N31.9bn PAT in Q3 2020 Result; Proposes N25.00k Interim Dividend, (SP:N1292.50k)

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Thursday, October 29,  2020 / 10:33 AM / NSE / Header Image Credit: Invest Advocate


Nestle Nigeria Plc released its Q3 2020 Unaudited results for the period ended September 30th, 2020.


Key Highlights

  • Revenue grew by 0.66% to N213bn from N211bn in the previous quarter.

  • Profit before tax declined by 12.9% to N49.3bn.

  • Profit after tax declined by 13.3% to N31.9bn.

  • Net Assets declined by -8.2% from N45.6bn to N41.8bn.

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