Nestle Nigeria 2013 pretax profit up N26.04 billion

Nestle Nigeria said on Wednesday its 2013 pretax profit grew to N26.04 billion ($158.3 million), up 3.95 percent from a year ago.

Turnover at the local unit of the world’s biggest food group Nestle SA, rose to N133.08 billion during the period to December 31, from 116.70 billion a year earlier, it said in a filing with the Nigerian Stock Exchange (NSE).

Nestle proposed to pay N24 per share dividend to existing shareholders. Nestle shares were down 2.6 percent to N1,068.

Reuters