Nestlé plc declares higher profit, N19 dividend

Nestlé plc declares higher profit, N19 dividend

Wednesday, March 16, 2016 11:46 am

Nestle Nigeria plc has declared a pre-tax profit of 29.32 billion naira in its audited accounts for 2015.

The figure is almost N5billion better than the firm’s 24.45 billion naira  recorded in 2014. PAT also increased from N21.2 billion to N23 billion.

The company’s full year revenue ballooned to 151.27 billion naira from 143.33 billion naira a year ago.

According to a statement made available to the Nigerian Stock Exchange, the company has Proposed a final dividend of 19.00 naira per share. The figure represents an increase of 19 % over the payout to shareholders last year. 

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