Wednesday, 20 August 2008
Nestle Plc Nigeria
The 7% increase in profits from Nigerian food and beverages group, Nestle Plc , (half-year to June 30) appear to have disappointed the market despite now starting to go in the right direction. The company, which is frequently compared with Cadbury Nigeria, recenlty announced it planned to boost the production of Cocoa and Soybeans. Still, it just failed to give any good news that would make the bulls who are sitting on the sidelines buy the stock.