Nestlé Nigeria Plc revenue rose from N133.084bn in 2013 to N143.329bn at the end of the 2014 financial year, a whooping margin of N10bn from previous year.
Its profit after tax was N22.236bn.
The shareholders are not left out in the goodies as they are receiving a total dividend of N26.950bn for the 2014 financial period as against N15.853bn in 2013, translating to 70 per cent increase. The dividend of N27.50 kobo per share has been approved by the management of the company.
The Chairman, Nestlé Nigeria Plc, Mr. David Ifezulike, who spoke at the company’s 46th Annual General Meeting held in Lagos, said the 2014 result was a proof of the many good things happening in the company.
He said, “In view of the good performance achieved in 2014 and in line with your board’s commitment to creating value for its shareholders, the board is proposing a dividend of N17.50 from the pioneer profits of the company.
“An interim dividend of N10 was earlier declared and paid, making a total dividend of N27.50 per share for the year 2014, representing eight per cent increase from 2013,”
Nestlé is a global brand that operates in more than 197 countries in the world. Their brand has about 2000 products. Nestlé is committed to enhancing people’s lives by offering tastier and healthier food and beverage choices at all stages of life and at all times of the day.