Nestle Nigeria Plc has reported 2015 full year financial results which indicated sustained recovery on all key line items on the firm’s revenue.
The revenue of the company jumped
by N7.943 billion from N143.329 billion in 2014 to N151.272 billion during the 2015 financial year.
Profit before tax and profit after tax grew by much wider margins of 19.95 per cent and 216.75 per cent respectively.
Nestle’s profit before tax in 2015 stood at N29.322 billion from N24.446 billion it made during the same period of 2014.
Its profit after tax rose by N1.501 billion, representing 6.75 per cent, from N22.236 billion to N23.737 billion in 2015.
According to the management’s statements, sales were driven by an 8 per cent year on year growth in the foods business.
Nestle proposed a final dividend of N19.00 kobo, slightly ahead of N17.50 kobo it declared in 2014.
