Companies

Nestle grows Q3 profit to N51.58bn, to pay 25k dividend

Nestlé Nigeria Plc has posted a profit before tax (PBT) of N51.58 billion for the third quarter ended September 30.

This was contained in the company’s Unaudited Financial Statements sent to the Nigerian Exchange (NGX) Ltd., signed by the Company Secretary/Legal Adviser, Mr. Bode Ayeku, on Monday in Lagos.

According to the financial statements, the PBT represented a five per cent growth compared to the N49.26 billion recorded in the comparative period of 2020.

Also, the statements showed a rise in profit after tax (PAT) for the period to N33.58 billion from N31.93 billion in the same period of 2020, representing a five per cent increase.

The company’s revenue also grew to N261.59 billion as against N212.73 billion recorded in the comparative period of 2020, showing a 23 per cent increase.

In another notice by the company on the NGX website, it stated that an interim dividend of 25k per 50k ordinary share would be paid to the shareholders whose names appeared on the register of members as at the close of business on November 19.

Editor

Recent Posts

Arsenal defeat Atletico Madrid to reach first Champions League final in 20 years

Bukayo Saka scored the only goal as Premier League leaders Arsenal defeated Atletico Madrid 1-0…

2 hours ago

Nissan to sack 900 workers in Europe

Nissan Motor has announced that it will cut about 900 jobs in Europe, around 10%…

3 hours ago

Court admits school fees judgment as evidence in Yahaya Bello’s N110.4bn fraud trial

A Federal Capital Territory High Court in Abuja has admitted a court judgment as evidence…

3 hours ago

Chad mourns 23 soldiers killed in Boko Haram raid

At least 23 soldiers of the Chadian Armed Forces have been killed and 26 others…

5 hours ago

How I was co-opted into coup plot against Tinubu — Julius Berger official

A Julius Berger employee attached to the Presidential Villa in Abuja told a Federal High…

5 hours ago

Dangote Cement posts N421bn profit as production capacity hits 55MTA in Q1 2026

Dangote Cement Plc has recorded a strong performance in the first quarter of 2026, growing…

5 hours ago

This website uses cookies.