Nestle Nigeria reports 51 pct fall in Q1 pretax profit

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LAGOS May 4 – Nestle Nigeria first-quarter pretax profit fell 50.7 percent to 3.48 ($17.5 million) from a year ago, food and beverage maker said on .

Revenue fell to 27.55 billion naira for the three months to end-March from 33.42 billion a year earlier, the unit Nestle SA said a filing to the Nigerian Stock Exchange.

($1 = 198.9500 naira) (Reporting by Chijioke Ohuocha; editing by Jason Neely)