The Nestlé Nigeria Plc has proclaimed its financial results
for 9 months period ending 30 September 2018, with recorded revenue of N 203.1
billion which translates into 9.7 per cent, reports NaijaAgroNet.
According to the third quarter results sighted by NaijaAgroNet, stressing that for the
period January to September 2018, the company recorded revenue of N 203.1
billion with a growth of 9.7 per cent over same period in the previous year.
NaijaAgroNet gathered
that Nestle Nigeria made Profit After Tax (PAT) of N 33.1 billion.
The unaudited financial statements of the company, NaijaAgroNet
also gathered, saw Nestlé Nigeria Plc posting a revenue of N 67.8 billion in Q3
2018, up from N 63.3 billion in Q3 2017.
Further, NaijaAgroNet
reports that the company board in its meeting held on October 29th 2018 approved
an interim dividend of N20 per share.
Below is the full detail of the January - September 2018
financial result.
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|
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N’000
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N’000
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Revenue
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203,134,728
|
185,242,450
|
|
Cost of Sales
|
-116,984,764
|
-109,361,943
|
|
Gross Profit
|
86,149,964
|
75,880,507
|
|
Marketing and Distribution
expenses
|
-29,739,809
|
-25,260,332
|
|
Administrative expenses
|
-7,050,143
|
-7,534,933
|
|
Results from operating
activities
|
49,360,012
|
43,085,242
|
|
Finance income
|
1,389,846
|
6,281,172
|
|
Finance costs
|
-2,661,306
|
-14,887,393
|
|
Net finance costs
|
-1,271,460
|
-8,606,221
|
|
Profit before income tax
|
48,088,552
|
34,479,021
|
|
Income tax expense
|
-14,970,265
|
-11,499,031
|
|
Profit for the period
|
33,118,287
|
22,979,990
|
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