9 months 2018: Nestle Nigeria posts 9.7% revenue growth

Business News
  • Declares N20 interim dividend



“Our growth is the result of our disciplined execution and investments in the expansion of our route to market; our marketing initiatives focused on nutrition awareness, as our consumers continue to trust us to deliver high quality, affordable, nutritious food products every day. All of this is well supported by the dedication and professionalism of our people,” said Mr. Mauricio Alarcon, Managing Director and CEO of Nestlé Nigeria PLC.

The company, in its financial results for 9 months period ending 30 September 2018 recorded revenue of N 203.1 billion – a growth of 9.7% over same period in the previous year – and a profit after tax of N 33.1 billion.

According to the unaudited financial statements of the Company, Nestlé Nigeria posted revenue of N 67.8 billion in Q3 2018, up from N 63.3 billion in Q3 2017.

Accordingly, the Board of the company in its meeting held on October 29th 2018 approved an interim dividend of N20 per share.

“To sustain our performance, we will continue to focus on creating an environment where our people can grow to their potential while delivering their best performance. Driven by our purpose of enhancing quality of life and contributing to a healthier future, we continue to create value for all stakeholders across our value chain as we source and deliver products adapted to local preferences,” said Alarcon

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