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Nestle’s Nine Month Income Up 63% to N15.4 billion

By on November 1, 2012

Nestle, makers of popular beverage Milo, transmitted its 3Q earnings to the Nigerian Stock Exchange yesterday.

Revenue was reported at N85 billion, up 21% from N70.5 billion made over 3Q, 2011.

Profit before tax was up 41% to NN18.28 billion, from N12.99 billion over the same period in the preceding year.

Net Income arrived at N15.4 billion, up 63% from the N9.4 billion it made over 3Q, 2011.

Nestle share price fell by 2.19% in yesterday’s trading to N675.