NESTLE Declares N39.2bn PAT in 2020 Audited Results, Proposes N35.50K Final Dividend (SP:1450.0k)

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Monday, March 01, 2021 / 12:16PM  / NSE / Header Image Credit: Invest Advocate


Nestle Nigeria Plc released its 2020 Audited results for the period ended December 31st, 2020.


Key Highlights

  • Revenue grew by 1% to N287bn from N284bn in the previous quarter.

  • Profit before tax declined by 14.7% to N60.6bn.

  • Profit after tax declined by 14.2% to N39.2bn.

  • Net Assets declined by -36% from N45.6bn to N29.3bn.


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