Nestlé S.A, has acquired 57,115 additional shares in its Nigerian subsidiary, Nestlé Nigeria Plc worth N79,961,000.00.
Brand Spur Nigeria gathered that the acquisition was undertaken on May 7 in three transactions as shown below.
- 1,500 Shares – #1,400 per share
- 30,490 Shares – #1,400 per share
- 11,625 Shares – #1,400 per share
Aggregate volume and price stood at 57,115 shares and 1,400 respectively.
Previously, the consumer giant acquired more shares in the last year. You can check more detail of shareholding transactions here.
A look at Nestle Nigeria Financials in 2020
Profit before tax fell from N71.124 billion to N60.638 billion, while profit after tax printed at N39.212 billion, compared with N45.683 billion in 2019.
Food segment profit slipped 15.8 per cent to N39.6 billion, while beverage segment profit edged 0.8 per cent lower to N24.8 billion in 2020.
Nestle Nigeria Plc also decided to dip its hands into its retained profit to pay shareholders a higher dividend for the year ended December 31, 2020.
