Q2’24: Nestle’s Performance Undermined By Increased Costs Of Sales

Nestlé Nigeria second quarter 2024 (Q2-24) unaudited results indicated a lower loss per share of N43.18 (Q2-23: N83.50) translating to a loss per share of N223.19 in H1-24 (vs loss per share of N63.06 in H1-23). The performance in the period was undermined by substantial increase in the costs of sales (+85.9% y/y). Revenue advanced...The post Q2’24: Nestle’s Performance Undermined By Increased Costs Of Sales first appeared on New Telegraph.The post Q2’24: Nestle’s Performance Undermined By Increased Costs Of Sales appeared first on New Telegraph.

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