FrieslandCampina WAMCO Records N199bn Turnover in 2020 : vim

Dairy company, FrieslandCampina WAMCO Nigeria Plc, makers of premium milk brands – Peak, Three Crowns, Coast, Nunu and Olympic has reported a turnover of N199.5 billion. This was announced at its 48th Annual General Meeting in Lagos.
Speaking at the AGM, the Chairman, Mr. Moyo Ajekigbe said, “the challenging operating environment in 2020 notwithstanding, the company’s commercial and financial performance for the year showed considerable improvement compared to the previous year. Turnover increased by 23 per cent in 2020 to N199.5billion from N161.8billion in 2019. This was due to a combined effect of organic and inorganic growth following the acquisition of Nutricima’s dairy business. Profit Before Tax however decreased by 20.3 per cent from N18.8 billion in 2019 to N14.9 billion in 2020 as a result of high input costs and naira devaluation impact.”

Related Keywords

Lagos , Nigeria , Nigerians , Ben Langat , Moyo Ajekigbe , Public Companies Using Proxies , Relief Fund , Nigeria Plc , Corporate Affairs Commission , Three Crowns , Annual General Meeting , Before Tax , Annual General Meetings , Public Companies Using , Corporate Affairs , Managing Director , லாகோஸ் , நைஜீரியா , நைஜீரியர்கள் , துயர் நீக்கம் நிதி , நைஜீரியா ப்ல் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் தரகு , மூன்று கிரீடங்கள் , ஆண்டு ஜநரல் சந்தித்தல் , முன் வரி , ஆண்டு ஜநரல் கூட்டங்கள் , பொது நிறுவனங்கள் பயன்படுத்தி , பெருநிறுவன வாழ்க்கைத்தொழில்கள் , நிர்வகித்தல் இயக்குனர் ,