CORPORATE BRIEF: NESTLE NIGERIA PLC RELEASED ITS UNAUDITED THIRD-QUARTER EARNINGS.

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In recent Nestle Nigeria Plc unaudited  Q3 2017 earnings’ report,

The revenue increase was influenced by the increase in the price of its products.

The firm’s bottom line was partly boosted by finance income which grew due to the firm increasing the money it placed in the bank from 4 billion to 24 billion.

Key Highlights:

  • The revenue increase was influenced by the increase in the price of its products.
  • The firm’s bottom line was partly boosted by finance income which grew due to the firm increasing money it placed in the bank from 4 billion to 24 billion.
  • Also, there was a decrease in finance cost which occurred due to drop in foreign exchange losses from 19 billion to 11 billion and also drop in loans and borrowings.
  • Debt to equity ratio decreased as a result of the significant drop in its total debt profile.
  • The firm’s net income for Q3 2017 has exceeded that of the full year 2016.
  • The firm declared an interim dividend of ₦15 to be paid on 11th December 2017.
Kindly click on this link to see full details on the Corporate Brief of the firm.
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