Nestle grows profit on 172.69% surge in Finance cost

Firm to reward consumers N80m in nationwide promotion drive

Nestle, the leading Fast Moving Consumer Goods Company, recorded a marginal increase in profit by 2 percent on 172.69 percent finance cost increase, analysis by BusinessDay shows. The FMCG’s profit grew to N40.04 billion in 2021 from N39.21 billion in the previous year, due to a surge in expens

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