Nestlé Nigeria Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022

Nestlé Nigeria Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NGN 111,021.44 million compared to NGN 90,151.31 million a year ago. Net income was NGN 12,401.11 million compared to NGN 11,852.81 million a year ago. Basic earnings per share from continuing operations was NGN 50.66 compared to NGN 42.37 a year ago. Diluted earnings per share from continuing operations was NGN 50.66 compared to NGN 42.37 a year ago.

For the nine months, sales was NGN 333,472.22 million compared to NGN 261,591.05 million a year ago. Net income was NGN 40,152.15 million compared to NGN 33,584.48 million a year ago. Basic earnings per share from continuing operations was NGN 15.65 compared to NGN 14.95 a year ago. Diluted earnings per share from continuing operations was NGN 15.65 compared to NGN 14.95 a year ago.