Nestle Nigeria reports 51 pct fall in Q1 pretax profit
LAGOS May 4 (Reuters) - Nestle Nigeria first-quarter pretax profit fell 50.7 percent to 3.48 billion naira ($17.5 million) from a year ago, the food and beverage maker said on Monday.
Revenue fell to 27.55 billion naira for the three months to end-March from 33.42 billion a year earlier, the unit of Nestle SA said in a filing to the Nigerian Stock Exchange.
($1 = 198.9500 naira) (Reporting by Chijioke Ohuocha; editing by Jason Neely)
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