NESTLÉ NIGERIA PLC NET PROFIT HITS N8,358,827 FROM N6,681,389 IN 90 DAYS 2017

Kindly Share This Story:

Nestle Nigeria Plc is an FMCG company. A 66 year Company produces and manufactures products ranging from Baby Foods, Cereals, Chocolate and Confectionery to Coffee, Dairy, and Drinks has released its financial statements for the period ended march 31, 2017 which showed Profit After Tax for 2017 stood at N8,358,827 from 2016 figures of N6,681,389, accounts for N1677438Million representing 25.11percent growth.

Advertisement

Also the board of the Directors of the company in the financial statement disclosed a revenue figures of N61,151,517 in 2017 compare with N36,130,866 figures in 2016, which shown different of N25020651million representing an increase of 69.25 percent.

According to the data excerpts from Bloomberg disclosed nestle Nigeria plc opened the market with N727.00 and closed on N727.00 showed the price range of 727.00 – 727.00 while the volume of traded stood at 156,917.

The previous market closed was N725.50 with 52wk range of 570.00 – 880.00 and 1 yr return of 21.51% leaving YTD return at -10.25% follow with current p/e ratio (ttm) of 59.97 while earnings per share (NGN) (ttm)  anchored on 12.12.  Other indices are the market cap of 576.261 (b NGN) and shares outstanding of 792.656 (m), price/sales (ttm) 2.78 and dividend indicated gross yield 3.99%

“One of the Nigerian Fast Moving Consumer Goods (FMCG), NESTLE FOODS PLC traded with weak pricing position during the week opened the market with N727.00 but closed the said market with N727.00 on the same price is an indication that the company  is undecided on the future investment. Below chart to support

“We are the leading Nutrition, Health and Wellness Company. We enhance lives with science-based nutrition and health solutions for all stages of life, helping consumers care for themselves and their families. Research and Development is a key competitive advantage for Nestlé. With 34 research, development and technology facilities worldwide, Nestlé has the largest R&D network of any food company.

“The Company is engaged in manufacturing, marketing and distribution of food products, including purified water throughout the country. It operates through two segments: Food and Beverages. The Food segment includes production and sale of Maggi, Cerelac, Nutrend, Nan, Lactogen and Golden Morn. The Beverages segment includes production and sale of Milo, Chocomilo, Nido, Nescafe and Nestle Pure Life.

“It manufactures and markets a range of brands, which include Infant Formula-Nestle NAN, Infant cereals-Nestle NUTREND, Nestle CERELAC, Family cereals-Nestle GOLDEN MORN, Confectionery-Nestle CHOCOMILO, Bouillon-MAGGI Cube, MAGGI Mix’py and Table Water-Nestle PURE LIFE. Its products include MAGGI Star Cube, MAGGI Crayfish, MAGGI Chicken, Ginger & Garlic, Golden Beef and Classic. It promotes food cultures through MAGGI Star Cook participatory cookery program in neighborhoods, and MAGGI Women Forum, a home management program.


Kindly Share This Story:

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

amehnews greetings

x