According to the company’s financial statement, sales grew by 43.4 percent to N183.5 billion, compared to N127.97 billion in the same period last year.“Gross profit was N49.1 billion vs. N51.6 billion in the same period of 2023. Operating profit stood at N20.9 billion,” the company said.obligations which had an adverse impact on the profit after tax resulting in a net loss of -N142.7 billion for the quarter.
Commenting on the results, Wassim Elhusseini, chief executive officer of Nestlé Nigeria, said the business environment was challenging in the first quarter.business environment,” Elhusseini said.ooking ahead into the rest of the year, Nestle Nigeria’s focus remains on optimising operations toIn its 2023 operations, Nestle Nigeria reported aAlso, huge net foreign exchange losses of N195 billion wiped off the company’s capital base.
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