Nestlé Nigeria
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WaneInvestmentHouse
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Nestlé Nigeria Plc Reports N221.589 Billion Loss Before Tax Amidst Revenue Growth
Nestlé Nigeria Plc has announced its financial results for the year ended December 31, 2024, reporting a loss before tax (LBT) of N221.589 billion, representing a 113% year-on-year increase from 2023. Key Point: Despite reporting a significant loss before tax, Nestlé Nigeria Plc achieved revenue growth of 75.2% to N958.8 billion and a 35.6% increase in operating profit to N167.9 billion, demonstrating robust operational performance in a challenging market.
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8.3% overvalued intrinsic discount19.52%
Revenue growth p.a.
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