Nestle Nigeria

Nestlé Nigeria Plc on Wednesday announced N79.47 billion loss in its audited full financial year report for period ended December 31, 2023, from N48.97 billion reported in 2022. The multinational Fast Moving Consumer Goods (FMCG) also…

From a total profit of N81.5 billion in the third quarter of 2022, three multinational companies, Nestle Nigeria Plc, Nigerian Breweries Plc, and Cadbury Nigeria Plc have declared a N145 billion loss in the third quarter (Q3) of 2023,…

A foreign exchange loss of N123.8 billion has created a net loss of roughly N50 billion for Nestlé Nigeria Plc in the half year of 2023, throwing shareholders’ funds into a negative of N48.6 billion. The interim financial report of the…

Nestle Nigeria made some headway in the first quarter in trimming critical cost lines that hindered profit improvement in 2021. The cost-saving plus improving sales revenue enabled the company to push after-tax profit a clear 45 per…

Nestlé Nigeria piled up new debts in the balance sheet in the third quarter and its interest-bearing debt stock multiplied close to five times in three months. The food/beverages company resumed leveraging the balance sheet in the second…

Nestlé’s Nigeria has retraced its steps on debt-cutting that happened in the first quarter and resumed borrowing once again in the second quarter. The move has increased the pressure on the bottom line coming from finance expenses.  …