Monday, October 26, 2015 8:17 pm
Nestle Plc has reported a rise of more than N5billion in its turnover and gross profit up to September 2015.
Turnover jumped from N102.6billion to N108 billion while gross profit also rose from N44.3billion to N48billion.
Net profit after deducting operating costs, finance costs and taxation barely rose from the floor, from N16.9billion to N17.2 billion, during the same period. The company incurred finance costs of N4.2billion compared with N2.2 billion about the same period last year.
Nevertheless, the company has declared an interim dividend of N10 to each shareholder, which has a qualification date of 21 November and a closure date of 23 November.
Please read the full report here: NESTLE_NIG_PLC_Q3_SEPT_2015_FINANCIAL_STATEMENTS