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.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Champion Breweries' Profit Surges 97-Fold on Strong Sales, Reaching N2.05 Billion
Nigerian Breweries Battles Rising Costs, Records N85.5bn Profit Amid Economic Challenges
Nigerian Breweries Posts N85.5 Billion Profit Despite Q3 Setback
Nigerian Breweries Records 48% Revenue Growth, Reaches N1.04 Trillion in 9 Months
Champion Breweries Plc Conducts N15.9bn Rights Issue Ceremony
Champion Breweries Launches N15.91bn Rights Issue for Expansion Strategy
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
