Nestle Ups Shareholding in Nigerian Unit, Acquires Additional 2,166,647 Shares

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Nestlé S.A, has acquired 2,166,647 additional shares in its Nigerian subsidiary, Nestlé Nigeria Plc worth N2,922,806,803.00.

Brand Spur Nigeria gathered that the acquisitions were undertaken in two different transactions on 2nd March the company purchased 1,980,370 units while 3rd March 186277 units at the price of N1348.84 and N1349.00 respectively.

Nestle Ups Shareholding in Nigerian Unit, Acquires Additional 2,166,647 Shares

Previously, the consumer giant acquired more shares in the last one year. You can check more detail of shareholding transactions here.

A look at Nestle Nigeria Financials in 2020

The directors of Nestle Nigeria Plc in the published Full Year financial report for 2020 have proposed a final dividend of N35.50 to its shareholders, subject to approval at the Annual General Meeting.

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This in addition to the interim dividend of N25 that has been already paid to shareholders in the first half of the year 2020.

Insider Dealing Brandspurng Nestle S.A Acquires 229,697 Shares in Nestle Nigeria Plc

Nestle Nigeria reported a turnover of N287.084 billion for the 12 months period in 2020, up by 1.07% from N284.035 billion.

Profit after tax of N39.21 billion was achieved by the firm, down by 14.17% from the post-tax profit of N45.68 billion reported the previous year.

Read Also:  Nestlé Declares The Winners Of The Sub-Saharan Africa Innovation Challenge
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Earnings per share of Nestle for the period under review dropped by 14.17% to N49.47 from the EPS of N57.63 achieved in 2019.

At the share price of N1, 450, the P.E ratio of Nestle Nigeria Plc stands at 29.31x with an earnings yield of 3.41%.

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Nestle Ups Shareholding in Nigerian Unit, Acquires Additional 2,166,647 Shares - Brand SpurNestle Ups Shareholding in Nigerian Unit, Acquires Additional 2,166,647 Shares - Brand Spur
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Nestle Ups Shareholding in Nigerian Unit, Acquires Additional 2,166,647 Shares - Brand SpurNestle Ups Shareholding in Nigerian Unit, Acquires Additional 2,166,647 Shares - Brand Spur

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