Nestlé Nigeria reports N141bn revenue, N22bn profit after tax in first half of 2020

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Nestle recorded N141.9 billion during the same period in 2019.

on Thursday announced its financial results for the half year ended June 30, 2020, recording a revenue of N 141.0 billion for the period January to June 2020.The company reported a profit after tax of N 21.8 billion during the first half of 2020.

“While it is still early to assess the impact of this crisis, we are fully confident in our people’s agility and deep commitment to overcome challenges and continue to deliver value for our shareholders and for society. Mr Alarcon said that Nestle Nigeria recognizes its responsibility to bring affordable, safe and high-quality nutrition to everyone.He said it would continue to work tirelessly to meet the needs of the millions of Nigerians who rely on it to feed their families every day.

 

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