May 27, 2018 10:33 PM ET

Food Products

Company Overview of Nestlé Nigeria Plc

Company Overview

Nestlé Nigeria Plc manufactures, markets, and distributes food products in Nigeria. It operates through two segments, Food and Beverages. The company offers baby foods under the Cerelac, Nutrend, Nan, and Lactogen brands; beverage drinks under the Milo and Chocomilo brands; coffee products under the Nescafé brand; culinary products under the Maggi and Nestle Pure Life; and dairy products under the Golden Morn and Nido brands. It also provides purified water. In addition, the company exports its products to other countries in Africa. The company was founded in 1961 and is based in Lagos, Nigeria. Nestlé Nigeria Plc is a subsidiary of Nestlé S.A.

22-24, Industrial Avenue

Ilupeju

P.M.B. 21164, Ikeja

Lagos,  

Nigeria

Founded in 1961

2,213 Employees

Key Executives for Nestlé Nigeria Plc

Nestlé Nigeria Plc does not have any Key Executives recorded.

Nestlé Nigeria Plc Key Developments

Nestlé Nigeria Plc Announces Earnings Results for the Year Ended December 31, 2016

Nestlé Nigeria Plc announced earnings results for the year ended December 31, 2016. For the period, the company reported revenue of NGN 181,910,977 against NGN 151,271,526 a year ago. Results from operating activities was NGN 38,213,337 against NGN 33,747,243 a year ago. Profit before income tax was NGN 21,548,408 against NGN 29,322,477 a year ago. Profit for the year is attributable to owners of the company was NGN 7,924,968 against NGN 23,736,777 a year ago. Diluted earnings per share was NGN 10.00 against NGN 29.95 a year ago. Net cash flows from operating activities was NGN 61,484,847 against NGN 39,877,436 a year ago. Acquisition of property, plant and equipment was NGN 7,067,737 against NGN 7,726,431 a year ago.

Nestlé Nigeria Plc, Annual General Meeting, May 23, 2017

Nestlé Nigeria Plc, Annual General Meeting, May 23, 2017. Agenda: To declare a dividend; to re-elect Directors; to authorize Directors to fix the remuneration of Auditors; to elect members of the Audit Committee; to fix the remuneration of Directors; and to authorize the company to procure goods and services.

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