Nestle’s Q1 Earnings: Net Income Skyrockets 140%
Milo hot chocolate beverage maker, Nestle has released its Q1 earnings on the floor of the exchange. It reported a growth of 41% in headline revenue, up to N 29 billion from N 20.4 billion over the same period last year.
Additional revenues grew 81% to N 858 million from N 473 million over the same period last year.
Profit before tax was up 112% at N 7.3 billion from N 3.4 billion at the end of the first quarter in 2011.
Net income at the en of Q1, 2012 was N 6.1 billion from N 2.57 billion at the end of the corresponding period last year, representing a growth of 140%.
-
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
