Nestlé Nigeria profits up 28% in 2018 as net finance costs fall

Nestle Nigeria has reported a 28% increase in net profit for the full year 2018, driven by a 90% reduction in net finance cost. Revenue grew 9% from N244bn ($670m) in 2017 to N266bn ($740m). The results are another sign that, having tamed rampant cost increases, surging consumer demand is driving profit growth for FMCG companies in Nigeria. [...]
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