Tag Archives: Nestle 2016 half-year earnings

Nestle Nigeria half-year profit fall 94% on high finance cost

Nestle Nigeria Plc on Friday reported a 94% drop in net income to N536m in half-year 2016, down from N8.9bn recorded in the same period a year ago.

However, the maker of Milo, Choco Milo, Nido, Nescafe coffee, among others said that revenue grew 22% to N80bn, up from N66bn recorded in the first-half of 2015.