NESTLÉ IS WINNING, INVEST IN A WINNING BRAND
By Oki Samson, Trek Africa Newspaper
When was the last time you paid a visit to your stockbroker or your financial advisor? Has he/she advised you to buy into Nigeria’s thriving FMCG brand, Nestlé Nigeria PLC? Or you have not even started picking up shares into your investment portfolio? Maybe you still believe the myth that holding company shares is a ‘big-man’ thing?
No, that shouldn’t be. Investment in shares is a good asset. And Nestlé is a big, viable start to building your financial dreams into success.
Trek Africa Newspaper has observed over the years how the company which ‘produces and markets several iconic brands including NESTLÉ
PURELIFE, GOLDEN MORN, MILO, MAGGI and NESCAFÉ’ is putting smiles on the faces of its investors. The company has poled impressive records on its book which assures the general public that the food and beverage giant is not only in business, it is in business to bring customer satisfaction as well as investors satisfaction.
Managing Director/CEO, Nestlé Nigeria Plc, Mr. Wassim Elhusseini
Despite the prevailing challenges that the economy of Nigeria is faced with in the current fiscal year 2023, Nestlé Nigeria PLC has still managed a good result.
Announcing its H1 2023 financial result, the FMCG brand announced that it made a revenue of N 261.8 billion in the first six months. This represented a 17.7% increase compared to its performance in the same period of 2022.
Commenting on the results, Mr. Wassim Elhusseini, Managing Director and CEO
of Nestlé Nigeria PLC, said, ‘I thank every member of our team for the unwavering
commitment and dedication which resulted in the significant increase in revenue and gross profit over H1 2022 despite the challenging business environment. Our profit after tax was, however, negatively impacted by the recent devaluation of the Naira, which necessitated the revaluation of our foreign currency obligations. Going into the second half of the year, we will continue to focus on optimizing our
operations to ensure the availability and accessibility of the nutritious food and
beverages our loyal customers expect from us.’
If that doesn’t give you confidence yet, a look into Nestlé Nigeria PLC Full Year 2022 Results will do. The Board of the Company proposed an additional dividend of N 36.50k which was approved at the company’s Annual General Meeting on 17th May, 2023. This is in addition to N25.00 per share interim dividend which was previously paid in December 2022, bringing the total dividend per share of N 61.50k for 2022.
‘There was a 27.0% revenue growth in her 2022 financial results when compared to her performance in 2021. The company posted a revenue of N 446.8 billion in the year under review as against N 351.8 in the preceding year. Gross profit for 2022 stood at N 155.8 billion, a 18.2% increase over 2021 while Profit after tax of N 48.9 billion was recorded for the year 2022, which represents a 22.3% increase over 2021’, the 2022 Nestlé Nigeria PLC financial statement added.
The Managing Director/CEO, Wassim Elhusseini assured: ‘Our priority will remain the wellbeing of our people, our consumers, our communities and our planet as we unlock the power of food to enhance quality of life for everyone today and for generations to come’.
Imagine that you were part of those who got N61.50k per share in 2022? What do you think will happen in 2023? You should get ready to win with Nestlé Nigeria PLC in 2024. Invest in a winning brand.
