Financials & Economic Updates

NIGERIA – Nestlé Nigeria has reported a revenue of US$885 million (N1.21 trillion), while gross profit rose 42 percent to US$319 million (N435.9 billion) in…

The company has demonstrated impressive top-line growth while enhancing profitability and delivering increased value to its shareholders.

This drop came despite a 14% increase in revenue to US$111.4 million (₹1,013 crore), compared with the same quarter in FY25.

Sales were broadly stable (-0.3%), mainly due to the negative impact from forex and others (-5.0%), while hyperinflation contributed positively (+0.6%) and scope negatively (-0.4%).

QATAR – Baladna has reported full-year revenue of USD 348 million (QAR 1.27 billion), up 11% year on year, driven by higher volumes across key…