Nestlé Nigeria Full Year 2022 Results
Published by Borderless
Nestlé Nigeria Plc has announced a 27.0% revenue growth in her 2022 financial
results when compared to her performance in 2021. The company posted a revenue of N 446.8 billion in the year under review as against N 351.8 in the preceding year.
Gross profit for 2022 stood at N 155.8 billion, a 18.2% increase over 2021. Profit
after tax of N 48.9 billion was recorded for the year 2022, which represents a 22.3% increase over 2021. The detailed financial results are available online at
https://www.nestle -cwa.com/en/investors/nigeria
The Board of the Company proposed an additional dividend of N 36.50k, in
addition to N 25.00 per share interim dividend already paid in December 2022,
bringing the total dividend per share of N 61.50k for 2022.
This proposed final
dividend will be submitted for approval at the company’s Annual General Meeting
on 17th May, 2023.
Commenting on the results, Mr. Wassim Elhusseini, Managing Director and CEO
of Nestlé Nigeria PLC, said, “I congratulate and thank everyone, especially our
staff and managers whose unwavering commitment, dedication and ingenuity
drove the excellent results achieved in 2022.
