{
  "id": 17111159,
  "title": "Nestlé Nigeria’s 9M pre-tax profit jumps 51.5% to N193.88 billion as net finance costs fall 73%",
  "url": "https://urgent.news/2026/10/29/nestle-nigerias-9m-pre-tax-profit-jumps-51-5-to-n193-88-billion-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T19:27:47.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/29/nestle-nigerias-9m-pre-tax-profit-jumps-51-5-to-n193-88-billion-as-net-finance-costs-fall-73/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Nestlé Nigeria Plc reported a significant surge in pre-tax profit, increasing by 51.5% to N193.88 billion over the nine months ending September 30, 2026, compared to N127.96 billion in the same period last year. This growth was driven by stronger gross margins and lower net finance costs. Revenue for the period rose by 10.4% to N976.53 billion from N884.54 billion, while profit after tax climbed by 42.6% to N103.37 billion from N72.48 billion, and earnings per share increased to N130.41 from N91.44. The company's improved margins were notable, with pre-tax margin rising to approximately 19.85% from 14.47% and operating margin improving to 21.32% from 20.50%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}