BUSINESS

Nestle Profit Remains At N21.7Billion In H1

 

Nestlé Nigeria Plc has released its unaudited Financial Statements for the period ended 30 June 2021 with 22% growth in revenue to N171.440 billion from N141.025 billion in H1 2020.

However, profit for the period remained flat N21.732 billion from N21.825 billion in H1 2020.

The company which also exports some of its products to other countries within and outside Africa declared an interim dividend of N28.139 billion, a 21% lower than N35.670 declared in H1 2020.

Nestle Nigeria Plc is into manufacturing, marketing and distribution of food products including purified water.

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