NIGERIA | Earnings Flash | NESTLE | 30-Oct-2017 | Elixir Research

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30 Oct NIGERIA | Earnings Flash | NESTLE | 30-Oct-2017 | Elixir Research

Dear Valued Investor,

Today, Nestle Nigeria Plc released its Q3-2017 result. The numbers showed impressive year-on-year (y/y) growth across key indicators but weak quarter-on-quarter (q/q). The company benefited from cost efficiency, price increases and a sharp drop in financing cost.

Below are key highlights of the result:

For the 9-month 2017 (y/y) performance:
• Revenue of ₦185.24 billion: up +43.06% y/y
• Profit-before-tax of ₦34.48 billion: up +526.38% y/y
• Profit-after-tax of ₦22.98 billion: up +4641.14% y/y
For the quarter/quarter (q/q) performance:
• Revenue of ₦63.32 billion, up +4.20% q/q
• Profit-before-tax of ₦10.02 billion, down -1.55% q/q
• Profit-after-tax of ₦6.43 billion, down -21.46% q/q
Corporate Action:
Interim Dividend: ₦15.00 per share (yielding 1.22% based on Friday’s price)
Closure Date: 27th November, 2017-1st December 2017
Qualification Date: 24th November 2017
Payment Date: 11th December 2017

Warm Regards,