Champion Breweries Projects Record N3.12bn Profit Amid Stable Naira

Champion Breweries is set to deliver a record full-year profit of N3.12 billion, supported by a stable naira and lower operational costs amidst moderate inflation. Meristem Research forecasts further revenue growth and margin expansion for the company.

The brewery recorded its highest earnings in nine months, with net income reaching N2.05 billion, a substantial increase from the previous year. The strengthening of the Nigerian naira and a decline in inflation have positively impacted the company's financial performance.

Additionally, Champion Breweries saw a significant decrease in net foreign exchange losses and a rise in revenue turnover.