Nestle grows profit on 172.69% surge in Finance cost

Nestlé saw its revenue grow by 22.55 percent to N351.82 billion from N287.08 billion last year.

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 expen

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