Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result

Nigerian Breweries Reports 9% Profit Growth In Q1 2017

byCorrespondent
April 23, 2017
in Uncategorized
Reading Time: 1 min read
Fake Amstel Malta
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

The Board of Directors of Nigerian Breweries Plc has declared a profit after tax of N11. 44 billion for the first quarter of 2017. The unaudited and provisional results sent to The Nigerian Stock Exchange shows that the amount represents a 9 per cent increase over the N10.45 billion recorded in the same period in 2016.

According to the results, the Company posted a revenue of N91.29 billion for the period, signifying an 18 per cent increase over the N77.55 billion achieved in 2016. The results from operating activities improved by 7 per cent from N17.99 billion in the first quarter of 2016 to N19.20 billion in the corresponding period in 2017. Profit before tax grew by 16 per cent from N14.99 billion in 2016 to N17.43 billion in the current period.

READ ALSO

Access Group Staff Donates Blood Across Africa In Life-Saving Initiative  

Suspect In Kogi Photojournalist’s Murder Found Dead In Hotel

The statement signed by the Company Secretary/Legal Adviser, Mr Uaboi Agbebaku, added that cost of goods sold increased by 25 per cent as a result of higher input costs while results from operating activities and profit after tax grew by 7 per cent and 9 per cent respectively, impacted by lower net finance charges and a continued focus on its cost efficiencies. Revenue for the period grew by 18 per cent due to the impact of price increases implemented in 2016 to cushion the effects of the operating environment.

The statement concluded that although the 2017 operating environment remains challenging, The Board is confident that the Company is in good position to make the necessary adjustments to cope with the difficult operating environment.

 

Related Posts

Blood
Business & Brands

Access Group Staff Donates Blood Across Africa In Life-Saving Initiative  

July 24, 2025
Kogi Photojournalist's Murder
Metro/Crime

Suspect In Kogi Photojournalist’s Murder Found Dead In Hotel

July 24, 2025
Hulk Hogan
Sports

Wrestling Legend Hulk Hogan Dies At 71

July 24, 2025
LPPC
News

FULL LIST: LPPC Elevates 57 Legal Practitioners To SAN Rank

July 24, 2025
Soulmates Teasers August 2025
Star Life

Star Life: Soulmates Teasers August 2025

July 24, 2025
Cacau Teasers August 2025
Teasers

Telemundo: Cacau Teasers August 2025

July 24, 2025
Next Post
Phone battery

7 False Battery Myths Busted, Number 2 Applies To Everyone

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

Blood

Access Group Staff Donates Blood Across Africa In Life-Saving Initiative  

July 24, 2025
Kogi Photojournalist's Murder

Suspect In Kogi Photojournalist’s Murder Found Dead In Hotel

July 24, 2025
Hulk Hogan

Wrestling Legend Hulk Hogan Dies At 71

July 24, 2025
LPPC

FULL LIST: LPPC Elevates 57 Legal Practitioners To SAN Rank

July 24, 2025
Soulmates Teasers August 2025

Star Life: Soulmates Teasers August 2025

July 24, 2025
Cacau Teasers August 2025

Telemundo: Cacau Teasers August 2025

July 24, 2025
Osahon Okunbo

Osahon Okunbo Backs Emerging Artists With Bold Vision At Freedom Park

July 23, 2025
Super Falcons

Super Falcons Visit Injured Banyana Player In Hospital After WAFCON Clash

July 23, 2025
Cholera Outbreak In Niger

12 Dead, 230 Hospitalized Over Cholera Outbreak In Niger

July 23, 2025
Kogi Photojournalist's Murder

Kogi Photojournalist Killed By Neighbor

July 23, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush