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Nestle Nigeria Plc Q2 16 – FX Loss on Dollar Debt Swings Earnings Negative

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Nestle logo               Nestlé Nigeria Plc (Nestlé) released unaudited results for 6 months ended 30th June 2016 wherein revenue rose 22% YoY to N80.4 billion; however PBT and PAT plunged 92% and 94% YoY to N896 million and N535 million respectively. FX losses on dollar debt underpin negative Q2 ...

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