Nigerian Breweries records positive half-year financial results
By Felicia Nwosu
Nigeria’s largest brewer, Nigerian Breweries PLC., has released its financial statement for the 2022 Half-Year Financial Year, which recorded a positive performance as of the end of June, for the year 2022 being under review.
According to the results released by NB on its social media platform, the leading company’s Profit Before Tax (PBT) recorded an organic revenue growth of N26.05bnat 115.8%, while its Profit After Tax (PAT) stood on N19 .08bn at+142.8%.
Meanwhile, its Net Revenue also grew by 274.03bn at +31%, with Gross Profit at N118.688bn at 52.4%. Its Operating Profit on the other hand, has also improved as it stands at 80%, with earnings per share having N237 kobo at +44.3% growth in the period under review.
Nigeria’s foremost brewer reiterated that through its “EverGreen Strategy and Brew A Better World Agenda”, its business will continue to build momentum and deliver sustainable growth to its stakeholders.
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