Bloomberg News

Nestle Nigeria Forecasts Full-Year Profit of 16.9 Billion Naira

February 21, 2012

Feb. 21 (Bloomberg) -- Nestle Foods Nigeria Plc, the country’s biggest food company by market value, forecast full- year net income of 16.9 billion naira.

Profit before tax is seen at 19.8 billion naira and revenue for the period is expected to be about 113 billion naira, the company said in a statement e-mailed by the Nigerian Stock Exchange today.

To contact the editor responsible for this story: Alastair Reed at

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