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Nestlé Nigeria’s FY’20 profit dips by 14.2% on rising finance cost

…proposes final dividend of N35.5 per share …share price down 10.3% year-to-date

Nestlé Nigeria Plc has announced its audited financial results for the year ended December 31, 2020. The company reported revenue of N 287.1 billion in 2020, up by 1.1percent over 2019 low of N284.035billion. Gross profit for the year 2020 stood at N119.2 billion, down by 7 percent when compared to N 128.1billion recorded in…

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