Nestlé Nigeria’s revenue crosses N171B but profit remains flat at N21.7B

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The half-year financial report of Nestle Nigeria Plc for the period ended June 30th, 2021 reveals that the company appreciated by 21.57% in Revenue closing the period at N171.440 billion away from the previous close of N141.025 billion in 2020.

Nestle Nigeria Profit After Tax (PAT), was marginally down by 0.43% to arrive at N21.732 billion below N21.825 billion recorded in HY’20.

With about 800 million shares outstanding, the Shareholders’ earnings per share declined by 0.43% from N27.53 in the corresponding period of 2020 to N27.42 in the period under review.

Nestle Nigeria

The company has declared an interim dividend of N28.139 billion, a 21% lower than N35.670 declared in H1 2020. At a reference price of N1540.00, the company’s PE Ratio stood at 56.17x with an earnings yield of 1.78%.

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