Nestlé Nigeria said the company recorded 27.0% revenue growth in her 2022 financial year when compared to her performance in 2021.
The company posted a revenue of N446.8 billion in the year under review as against N351.8 in the preceding year.
Gross profit for 2022 stood at N155.8 billion, an 18.2% increase over 2021. Profit after-tax of N48.9 billion was recorded for the year 2022, which represents a 22.3% increase over 2021.
Manager, Corporate Communications and Public Affairs of the Company, Victoria Uwadoka in a release Tuesday night added that the Board of the Company, therefore, proposed an additional dividend of N36.50k in addition to the N25.00 per share interim dividend already paid in December 2022, bringing the total dividend per share to N61.50k for 2022.
“This proposed final dividend will be submitted for approval at the company’s Annual General Meeting on 17th May 2023”, she said.
In part, Victoria quoted the Managing Director and CEO of Nestlé Nigeria PLC, Mr Wassim Elhusseini, as saying, “I congratulate and thank everyone, especially our staff and managers whose unwavering commitment, dedication and ingenuity drove the excellent results achieved in 2022.
“I am extremely proud of the team’s ability to continue to achieve so much even under the current challenging business environment, enabling us to keep our commitment to deliver value for our shareholders, our consumers and the
communities in which we operate.
“This is proof that success is built into the DNA of our organization and that working together, we can thrive and even excel in the most trying environments”
“In 2023, we will continue to work to ensure the availability of affordable nutrition for the individuals and families who depend on us to nourish their families daily.
“We know that it will be a challenging year, with the general elections and the associated charged political environment as well as the disruptions in economic activities experienced with the change of some denominations of the naira.
“We are also faced with the increasing cost of doing business, especially the high cost of inputs, and therefore, remain flexible and resilient in our operations.
“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 the quality of life for everyone today and for generations to come.”
Source: The Sun
