Nestlé Bracing For Strong Q3

Nestlé Nigeria has announced that it expects to report net income of NGN2.22bn (US$14.9mn) in Q309. Although this would represent a 59.6% decline on a year-on-year basis, it would still be a notable showing under the duress of the current climate. BMI highlights that its forecast net income would be a 26.9% increase on the Q1 posting (the company has yet to report its Q2 results).

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