Nestlé Nigeria Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 127,970.32 million compared to NGN 110,225.4 million a year ago. Net income was NGN 16,209.19 million compared to NGN 17,980.07 million a year ago.

Basic earnings per share from continuing operations was NGN 20.45 compared to NGN 22.68 a year ago. Diluted earnings per share from continuing operations was NGN 20.45 compared to NGN 22.68 a year ago.