Nestlé Nigeria posts revenue N67.8bn in Q2 2018, Half Year N135.3bn

Business News

Nestlé Nigeria Plc posted revenue of N 67.8 billion in Q2 2018, up from N 60.8 billion in Q2 2017 while for the period January to June 2018, the company recorded revenue of N 135.3 billion – a growth of 11% over same period in the previous year – and a profit after tax of N 21.5 billion.

In a statement, Mr. Mauricio Alarcon, the Managing Director and CEO of Nestlé Nigeria, said: “We are pleased with the sustained growth of our company amid the tough competitive business landscape. These results were possible thanks to the relentless efforts of our highly passionate team to provide high quality and affordable nutritious food and beverages to Nigerian consumers.”

On the outlook for the second half of the year, Mr. Alarcon said, “We will maintain the focus on delighting consumers with our nutritionally superior products by increasing promotion initiatives and providing more nutrition education.

In line with our Creating Shared Value principle, we remain committed to help build thriving and resilient communities through local sourcing, expanding the commercialisation of our products and strengthening our value chain.”

2,400 people on payrolls

Nestlé Nigeria employs around 2,400 people and has three world-class factories. The company manufactures and markets a range of high quality brands including NESTLE PURE LIFE, GOLDEN MORN, MILO, KITKAT, MAGGI, NESCAFÉ and CERELAC.

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