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

Union Bank Responds To High Court Ruling On NICON Investments Limited, Global Fleet And Jimoh Ibrahim Case

BREAKING: NECO Releases 2025 Basic Education Certificate Examination Results

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

Union Bank
Business & Brands

Union Bank Responds To High Court Ruling On NICON Investments Limited, Global Fleet And Jimoh Ibrahim Case

July 9, 2025
2025 Basic Education Certificate Examination
Education

BREAKING: NECO Releases 2025 Basic Education Certificate Examination Results

July 9, 2025
ASIS
Business & Brands

The Alternative Bank Champions Bold Action For Africa’s Future Ahead Of ASIS 2025 Summit

July 9, 2025
MaWhoo
Celebrities

MaWhoo Takes Her Throne As Spotify EQUAL Africa Ambassador For July

July 9, 2025
Nigerian Idol Season 10
Celebrities

Purp And Raymu To Compete In Nigerian Idol Season 10 Grand Finale

July 9, 2025
2025 Admissions
Education

JAMB Sets 150 Benchmark For 2025 Admissions

July 9, 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

Union Bank

Union Bank Responds To High Court Ruling On NICON Investments Limited, Global Fleet And Jimoh Ibrahim Case

July 9, 2025
2025 Basic Education Certificate Examination

BREAKING: NECO Releases 2025 Basic Education Certificate Examination Results

July 9, 2025
ASIS

The Alternative Bank Champions Bold Action For Africa’s Future Ahead Of ASIS 2025 Summit

July 9, 2025
MaWhoo

MaWhoo Takes Her Throne As Spotify EQUAL Africa Ambassador For July

July 9, 2025
Nigerian Idol Season 10

Purp And Raymu To Compete In Nigerian Idol Season 10 Grand Finale

July 9, 2025
2025 Admissions

JAMB Sets 150 Benchmark For 2025 Admissions

July 9, 2025
Benue

Fidelity Bank Delivers Hope to Internally Displaced Persons In Benue

July 9, 2025
Union Bank

Union Bank Strengthens Public-Private Partnership At Maiden International Civil Service Conference

July 9, 2025
MultiChoice Fined ₦766m

MultiChoice Fined ₦766m By FG For Privacy Breaches

July 7, 2025
Rasheed Ladoja

Ex-Oyo Governor, Rasheed Ladoja, Set To Become 44th Olubadan

July 7, 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