Nestle Nigeria's Q1 pre-tax profit falls to ₦7.05b

Nestle Nigeria said on Friday its first quarter pretax profit fell by 4.08% to ₦7.05 billion ($44.56 million), compared with ₦7.35 billion a year ago.

Total revenue at the local unit of the world's biggest food group, Nestle SA, however rose to ₦30.69 billion from ₦28.67 billion last year, the company said in a filing with the Nigerian Stock Exchange.