Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out - Business (2)

Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out (19199 Views)

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Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by kelvyn7: 12:47pm On Feb 28, 2024

This is bad cry

2 Likes

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Zxcvbnmghtr: 12:47pm On Feb 28, 2024

That's business for you, you can't always be gaining sometimes you lose. It's a reality of life.

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by iamtardey: 12:47pm On Feb 28, 2024

Boogyman557:
Holly Gram Waiting I just read.

See money ooo!!! Cha!!!

LITE UP my WEED in peace

WTF MAN!

Mannn waddup

3 Likes

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by chuksville(m): 12:47pm On Feb 28, 2024

The economy is biting everyone, including the biggest and largest industries in Nigeria. If these companies decides to invest elsewhere, we will be in the biggest of mess, we will start drinking bitter leaf juice as tea.

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by olax02(m): 12:47pm On Feb 28, 2024

What of all these times that they have been reaping the average Nigerian with their stupid price? They should take heart. sad

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Angelfrost(m): 12:48pm On Feb 28, 2024

More Job losses Loading...!

Every company and individual must find ways to cut expenses and ride out this economic reform storm.

You either sink or swim! Harsh reality.

These times are not for the faint-hearted or wasteful spenders.

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by MEGAWATCH: 12:48pm On Feb 28, 2024

DIVINEEVIDENCE:
Na statistics we go chop?

Hahahaha hahahaha

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by ceejay80s(m): 12:48pm On Feb 28, 2024

Industries, companies shutting down and leaving under his watch and they are telling us everything will be ok, all he does is travel to different countries with is family to beg for investors

1 Like 1 Share

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Zxcvbnmghtr: 12:49pm On Feb 28, 2024

chuksville:
The economy is biting everyone, including the biggest and largest industries in Nigeria. If these companies decides to invest elsewhere, we will be in the biggest of mess, we will start drinking bitter leaf juice as tea.

Oga the economy is biting even worse in Europe and America.

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by olax02(m): 12:49pm On Feb 28, 2024

gungab:
Dem no use STOP LOSS

You are funny. grin

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by adaperry25: 12:49pm On Feb 28, 2024

FreeStuffsNG:
Paper loss actually Their revenue short up and they're still making big money here in Nigeria!

just be telling lies like a kid

2 Likes

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Primusinterpares(m): 12:50pm On Feb 28, 2024

This is not good at all.
One of the giant food industry in this country.

But how come only banks are declaring huge profits Upandan. ?
These things tends to scare investors away. If big giants can be declaring losses then wetin small business owners go do ni

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Adewale1603(m): 12:50pm On Feb 28, 2024

Before it was PZ cussions, now nestle.
Vaseline will be next

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by InvertedHammer: 12:51pm On Feb 28, 2024

gungab:
Dem no use STOP LOSS

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by olax02(m): 12:51pm On Feb 28, 2024

Omihanifa:
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.

What of all these times that they have been reaping the average Nigerian with their stupid price? They should take heart. cry

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by yewit37486: 12:52pm On Feb 28, 2024

FreeStuffsNG:
Paper loss actually Their revenue short up 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.
God bless Nigeria for ever! Check my signature for free stuffs!

What other interpretation is needed besides what is written in black and white in the document you pasted? The company cannot even pay dividends compared to the previous year and you are talking about paper loss. Just stop with the lies! It's annoying.

4 Likes 1 Share

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by egojeny1(f): 12:54pm On Feb 28, 2024

Jeessuuuu!!!

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Came4amod: 12:55pm On Feb 28, 2024

References1:
https://nairametrics.com/2024/02/28/nestle-nigeria-reports-n104-billion-loss-in-2023-shareholders-funds-wiped-out/?amp=1

Money glitch situation the previous owners are now richer .. because they made wrong declarations... and unsuspecting investors money have been stolen.. just dig and find out

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Truths9ja: 12:57pm On Feb 28, 2024

Nigeria business are much collapsing in Tinubu government. Funny enough Tinubu will used 8 years in power. An average black man will never resign from the political seat he’s occupying

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Skillsnigeria: 12:57pm On Feb 28, 2024

Hmmm

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by alpharoyalty: 12:58pm On Feb 28, 2024

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

Equally sad for their workers

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Dialpad: 1:00pm On Feb 28, 2024

The new Nigeria business owners will hire them

alpharoyalty:
Equally sad for their workers

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Fearurcreeator: 1:02pm On Feb 28, 2024

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

I tell you

1 Like

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Beverlyjean(f): 1:04pm On Feb 28, 2024

Omihanifa:
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.

150cl Eva is 12 in one , nestle 60cl is 20 in one... small bottles sell way more than large bottles cos its portable...

2 Likes

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by tctrills: 1:08pm On Feb 28, 2024

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

If multinationals with their talent and resources are collapsing, what do you think is happening to local businesses.
Please ask the Manufacturers association of Nigeria to know how well it is going for local businesses.

2 Likes 1 Share

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Funkyswagzz(m): 1:08pm On Feb 28, 2024

Pristine664:
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.

Since goodluck Jonathan administration it's now you noticed Nigerians love bad news.. stop the gaslighting it's pointless. You will make same mistake again

4 Likes

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Theoarhics: 1:08pm On Feb 28, 2024

This one go soon comot for Nigeria. Emilokan on the bwat

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by DenreleDave(m): 1:08pm On Feb 28, 2024

Wàhálà wàhálà

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Theoarhics: 1:09pm On Feb 28, 2024

Theoarhics:
This one go soon comot for Nigeria. Emilokan on the beat

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Bluntemperor: 1:12pm On Feb 28, 2024

Go deep down to why these companies/ Multinationals are making loss, you wouldn't go far from the fact that they have all benefiting from the cheap Dollars Sales by the former CBN Governor, Emiefiele!
Shameful!

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by FOOTSOLDIER2(f): 1:12pm On Feb 28, 2024

bobo Chicago first class oponu drug war lord grin

1 Like 1 Share

Re: Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out by Omihanifa: 1:13pm On Feb 28, 2024

Beverlyjean:
150cl Eva is 12 in one , nestle 60cl is 20 in one... small bottles sell way more than large bottles cos its portable...

Am not disputing what you have said but the point am making here is that nestle products are very expensive, so the company should know clearly that due to the way the economy is at the moment a lot of people will ditch their products for cheaper alternatives.how may people go ready buy nestle bottled water at 2900 when you can buy cway, aquafina cascade and Mr v for less.

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