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Nairaland Forum / Nairaland / General / Business / Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out (17523 Views)
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Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by References1: 12:35pm On Feb 28 |
Nestle Nigeria Plc has reported a loss before tax of N104 billion for the year ended 2023 compared to a profit before tax of N71 billion same period in 2022. https://nairametrics.com/2024/02/28/nestle-nigeria-reports-n104-billion-loss-in-2023-shareholders-funds-wiped-out/?amp=1 5 Likes 3 Shares
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Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Boogyman557: 12:36pm On Feb 28 |
Holly Gram Waiting I just read. Cha!!! LITE UP my WEED in peace WTF MAN! 44 Likes 2 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Sirmwill: 12:40pm On Feb 28 |
If Nestle should decide to leave Nigeria All Your eyes would see Banza version of Shege 😇 94 Likes 2 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by DIVINEEVIDENCE: 12:43pm On Feb 28 |
Na statistics we go chop? 193 Likes 9 Shares
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Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Jflex07(m): 12:43pm On Feb 28 |
Just like buhari,Tinubu is a curse to Nigeria and Nigerians at large.. May Tinubu and his supporters reap all the evil and wickedness they have sowed in ten folds.. Amen! 99 Likes 3 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Dialpad: 12:43pm On Feb 28 |
SAD for shareholders This should pave way for local companies to emerge, at least they won't be sending funds to any home office 21 Likes 3 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by money121(m): 12:43pm On Feb 28 |
Ok |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Thundafireseun: 12:44pm On Feb 28 |
In another news …. Nestle is leaving Nigeria soon 13 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Bigcola(m): 12:44pm On Feb 28 |
E go reach everybody.na rice and stew. 44 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by YeyeGbami: 12:44pm On Feb 28 |
Electricity alone sef go wan show them shege 3 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Racoon(m): 12:44pm On Feb 28 |
Just imagine! The effects of a Tinubu’s balabloo-blu-bulava economics. I guess folding up is now looming again. 38 Likes 4 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Hollyharjii: 12:44pm On Feb 28 |
K |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by eliyke(m): 12:44pm On Feb 28 |
I wonder what will b going through d minds of some investors dis calamity govt is trying to woo,instead of cleaning ur house first,u are traveling up nd down begging other countries to invest in ur country when u can not maintain d little ones u hv here 86 Likes 8 Shares
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Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by gungab(m): 12:44pm On Feb 28 |
Dem no use STOP LOSS 48 Likes 4 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by triple996(m): 12:44pm On Feb 28 |
everywhere red 1 Like 2 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Akwamkpuruamu: 12:45pm On Feb 28 |
Bulaba and his doings.... E choke 12 Likes 1 Share |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by vickthourh(m): 12:45pm On Feb 28 |
Bad government caused all these issues.. .. All these companies are foreign, so they do most of their transactions in dollz. I.e from buying raw materials to paying their expatriates.. 13 Likes 3 Shares |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Omihanifa: 12:45pm On Feb 28 |
All their products are very expensive imagine their bottle water ( the one with the green cap) is close to 3500 depending on where you are buying from. The ordinary one is 2900 whereas that same 2900 will get you 150cl eva water and you go still collect 400 naira change. 5 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by adioolayi(m): 12:45pm On Feb 28 |
"The company believes that as macroeconomic situation stabilizes, the same would yield positive impact to the overall economy as well as company results.” This is so disheartening.. Believe is the key word.. May our economy receive desired revival .. O ni agbara 2 Likes 1 Share |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by UnwillingColony: 12:45pm On Feb 28 |
Una never chop loss sef. Wait until 2024 breakfast is served. Tinubu will never disappoint... and the loss dey go round sef. 9 Likes 1 Share |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Mrchippychappy(m): 12:45pm On Feb 28 |
Let them leave!!! We would buy nunu from Aishatu the milk maid and Kunu from Mumuni Buy Nigerian. No more processed Oyibo products. If you look at Nigerians now we are even getting too fat, a little hunger would help. Together we can bring this change. On your mandate 7 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Wahala90: 12:46pm On Feb 28 |
... 5 Likes 2 Shares
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Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Ejehhhh: 12:46pm On Feb 28 |
Una never see anything 2 Likes 1 Share |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Sunnybabe(m): 12:46pm On Feb 28 |
Chissoooosss 3 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by chigator2: 12:46pm On Feb 28 |
Let's see if it is a temporary thing that will retrace by 2nd quarter but if it doesn't then otilo. Their HQ won't let then carry own in unprofitable levels for so long 2 Likes 1 Share |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by FreeStuffsNG: 12:46pm On Feb 28 |
References1:Paper loss actually Their revenue shot up in double digits as usual and they're still making big money here in Nigeria! For those who don't know how to read and interpret FS, I am sorry that I can't help you. The forex volatility is a temporary thing. Nestle will outlive it if it keeps minting money like it's still doing. I trust Nestle majority shareholder and other sophisticated investors to start mopping the shares from weak hands who don't understand the FS. To shareholders of Nestle, your company is still very formidable and profitable! God bless Nigeria for ever! Check my signature for free stuffs! 46 Likes
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Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by arantess: 12:46pm On Feb 28 |
Sirmwill:Omooo E remain small dem go pack too 1 Like |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by 5iine: 12:46pm On Feb 28 |
We Agbadorians will take over if they leave 2 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Pristine664: 12:46pm On Feb 28 |
This economic problem is everywhere actually. But Nigerians online love bad news about their country because it makes them feel better about last election so the media push it more to them. 1 Like |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by fabolouz1(m): 12:46pm On Feb 28 |
Some of these figures are cooked . 3 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Coldspice: 12:46pm On Feb 28 |
Omihanifa: Stick to your ice water. 7 Likes |
Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by henryadex(m): 12:47pm On Feb 28 |
Heaven is falling down who will escape it |
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