Tag Archives: Nestle Nigeria Plc

Nestle Nigeria’s first quarter net profit jump 126%

It should be all smiles at Nestle Nigeria Plc as the consumer goods company posted one of its best quarterly performances in years with a 126% rise in net profits to N6.7bn, from N3bn in the same period a year ago.

Nestlé’s revenue trajectory for the first quarter rose 31% to N36bn, from N28bn in the same period a year ago.

Nestle opens new Water plant in Abaji, Abuja

Nestlé Waters has opened a new manufacturing plant in Abaji, Abuja. The N5.6 billion factory will produce Nestlé Pure Life water.

President Muhammadu Buhari on Thursday inaugurated the factory with a promise to make Nigeria an investment destination in Africa.

Nestle Nigeria’s net profit rise 7% for full Year 2015 amid persistent headwinds

Nestle Nigeria, makers of a wide range of food and beverage products such as Milo, Cerelac, Nescafe coffee, among others released its full year 2015 financial results today showing a 7% rise in net profit to N23.7bn, from N22.2bn in 2014.

Nestle Nigeria Re-launches Milo with new ingredient, Activ-Go

Nestle Nigeria, makers of Milo has re-launched the very popular children’s breakfast beverage drink, with addition of a new ingredient, Activ-Go.

The event took place on Tuesday, at the company’s Lagos headquarters. Activ-Go is made from Protomalt, a malt Extract made from malted barley grains, which provides energy and contains vitamins B, C and Calcium.

Nestle Nigeria’s Second Quarter (Q2) 2015 Profit down 24.9% as weak consumer spending shows no sign of easing

Nestle Nigeria’s second quarter (Q2) 2015 profit declined by 24.9 percent as competition in the marketplace and a weak consumer spending continues to haunt the consumer products company. The company is also beset by the insecurity in the north of the country, and higher borrowing costs, among others.

Nestlé’s profit for the period under review was N8.887bn, compared with N11.836bn from the prior year. Sales also fell to N65.92bn, from 67.2bn in the preceding year, a 1.9 percent decline.

Nestle Nigeria’s first Quarter (Q1) 2015 profit decline 51% as consumer spending weakens

Nestle Nigeria’s first quarter (Q1) 2015 net income declined by 51% as the consumer goods company struggled with a sluggish consumer spending, insecurity in the North of the country and skyrocketing borrowing cost.

The company’s profit was N2.95bn, compared with N6bn in 2014. Sales also fell by 34.40 percent to N27.55bn, from N33.bn in 2014.