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Tag "Nestle Nigeria Plc"

Nestle Nigeria: Naira devaluation caused net loss of N142.7bn in Q1 2024

    Nestle Nigeria: Naira devaluation caused net loss of N142.7bn in Q1 2024

Nestle Nigeria Plc says naira devaluation in the first quarter (Q1) of 2024 caused a net loss of N142.7 billion. The company disclosed this in its financial results for Q1

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Nestlé Nigeria cuts loss to N43bn in Q3 amidst mounting exchange setback

    Nestlé Nigeria cuts loss to N43bn in Q3 amidst mounting exchange setback

Nestlé Nigeria Plc has trimmed its loss position to N43 billion at the end of the third quarter from roughly N50 billion at half year. The improvement follows a profit

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Nestlé Nigeria loses profit as finance expenses jump 126% to over N5bn in Q1

    Nestlé Nigeria loses profit as finance expenses jump 126% to over N5bn in Q1

Nestle Nigeria Plc faced intensified pressure from rising debts and interest expenses in the first quarter (Q1), which lowered the company’s after-tax profit from almost N18 billion in the same

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Nestlé’s rising costs break the turnaround speed in Q2

    Nestlé’s rising costs break the turnaround speed in Q2

Nestle Nigeria Plc has lost the impressive speed on the earnings track that delivered a clear 45 percent leap in profit to N18 billion in the first quarter. Two major

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Nestle’s N4bn finance income pushes profit to N18bn in Q1

  Nestle’s N4bn finance income pushes profit to N18bn in Q1

Nestle Nigeria Plc realised a robust finance income of nearly N4 billion in the first quarter that helped push the

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