Invest Data Consulting Ltd

Investors are expected on Monday to react positively to shares of food beverages and confectioneries giant- Nestle Nigeria, as the directors Friday presented its audited result for the year ended December 31, 2017, indicating that while sales revenue rose by about a third of prior year, profit after tax recorded three-digit percentile growth. Also to attract attention is the recommendation by the directors of a final dividend per share of N27.50, in addition to the interim dividend of N15 paid during the year, bringing total dividend to N42.50, retaining a mere N0.05 of the earnings per share of N42.55. At the end of 2016, the board had paid N10 final dividend per share. It must be noted that the N15 interim dividend (comprising N13.00 and n2.00 from the balance of the pioneer profits as at December 31, 2015 and retained earnings for the period respectively. On Friday, Nestle’s share price fell N42.00, or 2.91% each as it was presented at the close of the trading session Accor...