LAGOS: The country’s 2014 full year pre-tax profit fell 6.1 per cent to 24.44 billion naira (121.59 million US dollars), Nestle Nigeria said its.
This was compared with 26.04 billion naira a year earlier.
Revenue however rose to 143.32 billion naira, from 133.06 billion naira in the same period last year, the company said in a filing with the Nigerian Stock Exchange.
The Nigerian unit of the world’s biggest food group, Nestle SA, said it had proposed a final dividend of 17.5 naira for each share, down from 19.02 naira dividend it paid a year ago.
