Nestlé Nigeria Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 133,799.19 million compared to NGN 112,225.38 million a year ago. Net loss was NGN 58,691.71 million compared to net income of NGN 9,770.97 million a year ago. Basic loss per share from continuing operations was NGN 74.04 compared to basic earnings per share from continuing operations of NGN 12.33 a year ago. Diluted loss per share from continuing operations was NGN 74.04 compared to diluted earnings per share from continuing operations of NGN 12.33 a year ago.
For the six months, sales was NGN 261,769.51 million compared to NGN 222,450.78 million a year ago. Net loss was NGN 49,981.35 million compared to net income of NGN 27,751.04 million a year ago. Basic loss per share from continuing operations was NGN 63.06 compared to basic earnings per share from continuing operations of NGN 35.01 a year ago. Diluted loss per share from continuing operations was NGN 63.06 compared to diluted earnings per share from continuing operations of NGN 35.01 a year ago.