Nestlé Nigeria Plc reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was NGN 183,484.16 million compared to NGN 127,970.32 million a year ago. Net loss was NGN 142,684.41 million compared to net income of NGN 16,209.19 million a year ago.

Basic loss per share from continuing operations was NGN 180.01 compared to basic earnings per share from continuing operations of NGN 20.45 a year ago. Diluted loss per share from continuing operations was NGN 180.01 compared to diluted earnings per share from continuing operations of NGN 20.45 a year ago.