Our Q2 Result Affirms Customer Loyalty, Trust, Says Nestlé Nigeria MD

Mauricio Alarcon, MD/CEO of Nestlé Nigeria Plc has expressed pleasure at the company’s un-audited financials for the half-year ended June 30, 2017, ascribing it to the loyalty, trust and confidence reposed on its various brands by customers.
Alarcon who was reacting to the result presented to investors through the Nigerian Stock Exchange last month, also appreciated the hard work of the company’s staff and distribution network.
According to the result, revenue for the first six months of 2017 stood at N121.9bn, up from N80bn in the corresponding period of 2016, out of which Gross profit stood at N48bn, as against the N32bn reported in 2016.
Results from operating activities improved from N14bn in 2016 to N26bn, while Profit after tax for the period stood at N16.55bn.
The Nestlé Nigeria chief executive expressed confidence of the board and management “that our strategic roadmap will continue to leverage on the potential of the business and the Company will further increase investments behind brand and route-to-market activities while proactively managing input cost pressures.”