Nestle posts N171.7bn revenue in HY’21

The half year financial report of Nestle Nigeria Plc for the period ended June 30th, 2021 reveals that the company appreciated by 21.57% in Revenue closing the period at N171.440 billion away from the previous close of N141.025 billion in 2020.

The Profit after Tax (PAT), was marginally down by 0.43% to arrive at N21.732 billion below N21.825 billion recorded in HY’20.

With about 800 million share outstanding, the Shareholders’ earnings per share declined by 0.43% from N27.53 in the corresponding period of 2020 to N27.42 in the period under review.

At a reference price of N1540, the company’s PE Ratio stands at 56.17x with earnings yield of 1.78%.

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