Earnings Forecast: Nestle Nigeria Says Net Income To Swell 25% in Q1, 2012
Nestle Nigeria Plc, manufacturers, marketers and distributors of food products in Nigeria has released its Q1, 2012 earnings forecast to the floor of the Nigerian Stock Exchange.
The company expects to achieve N 22.7 Billion turnover in the first quarter of next year. This represents an improvement of 11% over the N 20.5 Billion the company earned in Q1, 2011.
Profit Before Tax is put by the company at N 3.6 Billion, an increase of 16% from the N 3.1 Billion it recorded in Q1, 2011.
Net Income is also expected to swell by a respectable 25% to N 2.77 Billion from N 2.2 Billion recorded in Q1, 2011.
Nestle stock is currently trading at N 400 on the Nigerian Stock Exchange, an improvement of 8.53% from year onset levels.
One Comment
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
Ambrose
December 7, 2011 at 5:04 pm
The mixed reactions of investors to the recent earnings forecast of some companies shows that investing public are still watching this market. Numbers from companies will continued to court but more when liquidity in the system improves.