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Nestle Nigeria – In Line to Deliver Strong Earnings Growth In 2017

    Neutral rating maintained Nestle Nigeria (Nestle) posted earnings of N8.2bn compared with a loss of –N6.2bn in Q2 2016. We draw many positives from these results such as gross margin expansion and a strong interest income line, which was up by more than 600% y/y to N2.5bn during the quarter. Gross margin which ...

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