Nestle Nigeria Plc, submitted their 2015 audited account for the period ended December 31, 2015 with N19 final dividend as profit after tax went up by 6.75 percent to N23,739 million against N22,235 million that was recorded same period in 2014. The N19 dividend is aside the N10 interim dividend that was paid last year, which makes it N29 for shareholders.
The audited account shows that revenue grew by 5.54 percent from N143,328 million in 2014 to N151,271 million in 2015. The company cost of sales went up by 2.23 percent from N82,099 million in 2014 to N83,925 million in 2015.
The board of director are yet to communicate the closure and payment date for the dividend. Other highlight of the financial statements shows that finance cost dropped by 8.24 percent to N4,868 million in 2015 when compared with N5,305 million that was spent on servicing credit facilities. Marketing and distribution expenses was up by 4.92 percent.
Nestle Nigeria Plc which closed at N690 is a subsidiary company of Nestle S.A Switzerland, Nestle S.A owns 63.48 percent of the total shareholdings in Nestle Nigeria Plc.
