Nestlé Nigeria Plc has announced a 27.0 per cent revenue growth in its 2022 financial results .
The company posted a revenue of N446.819 billion in the year under review as against N 351.822 billion reported in the corresponding period of 2021.
The company’s Gross profit for 2022 financial year stood at N155.76 billion, representing a 18.2 per cent increase over N131.84 billion recorded in 2021.
The company result showed that profit before tax grew to N71.109 billion from N61.875 billion recorded in the preceding year.
According to the result, Nestle paid tax of N22.143 billion within the year under review against N21.838 billion paid in the preceding year, bringing the profit after tax to N 48.965 billion, which represents a growth of 22.3 per cent over N40.037 billion reported in 2021. Commenting on the results, , Managing Director and Chief Executive Officer of Nestlé Nigeria Plc, Mr. Wassim Elhusseini said, “I congratulate and thank everyone, especially our staff and managers whose unwavering commitment, dedication and ingenuity drove the excellent results achieved in 2022.
” I am extremely proud of the team’s ability to continue to achieve so much even under the current challenging business environment, enabling us keep our commitment to deliver value for our shareholders, our consumers and the communities in which we operate.”
