NESTLE Declares N11.2bn PAT in Q1 2020 Results,(SP:N1000.00k)


Monday, May 11, 2020 / 12:08 PM / by NSE / Header Image Credit: Nestle-cwa

Nestle Nigeria Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

  • Revenue declined by -0.9% to N70.3bn from N71bn in the previous quarter.

  • Profit before tax declined by 8.7% to N17.5bn.

  • Profit after tax declined by 12.9% to N11.2bn. 

  • Net Assets also grew by 24.4% to N56.7bn from N45.6bn.

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