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Nestlé posts N49.9bn loss in H1 as finance costs spike

Nestlé Nigeria Plc reported revenue of N261.8 billion in the first half (H1) of 2023, 17.7percent increase compared to its performance in the same period of 2022. Gross profit stood at N107.3 billion, 34percent increase over N80.205billion earned in H1 2022. The Company posted a loss after tax of N49.9billion, a 280percent decline over the
read more Nestlé posts N49.9bn loss in H1 as finance costs spikeBusinessday NGRead More

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