Nestlé Nigeria Grew Revenue by 22.6% in 2021
Nestlé Nigeria Plc has announced its financial results for the year 2021 with revenue gaining 22,6 per cent to close at N351.8 billion from N287.08billion reported in 2020.
The multinational company reported gross profit for the year stood at N132.4 billion, compared to N 119.2 billion during the previous year.
The Company posted profit after tax of N40.05 billion in 2021 from N39.25billion reported in 2020
In addition to N25 per share interim dividend paid in December 2021, the Board proposed an additional dividend of N 25.50 per share making for a total dividend of N 50.50 for 2021. This proposed dividend will be submitted for approval at the company’s Annual General Meeting on 29th June 2022.
Managing Director and CEO of Nestlé Nigeria, Mr. Wassim Elhusseini, in a statement said, “We commend everyone in our organisation for their contributions to the attainment of these impressive results in these challenging times.
“It is a testament of the consistent dedication and commitment of our employees to ensure that we continuously deliver value for our shareholders, our consumers, and the communities in which we operate. “
“In 2022, our focus remains on ensuring the safety and wellbeing of our employees, as well as providing affordable nutrition to enable consumers to nourish their families daily, while we work together to benefit mankind and our planet.
We will continue to push the boundaries of what is possible with foods, beverages, and nutritional solutions to enhance the quality of life and contribute to a healthier future for everyone today and for generations to come.”
