Nigeria Breweries Warns 2017 Will Be “Tough” Despite Raising Prices Thrice In 2016


Nigeria Breweries raised beer prices three time last year as confirmed by the company’s sales director Mr Herbert Eze. He confirmed this while speaking at the company’s trade partners awards, held in Lagos, over the weekend, 

“No doubt, 2016 was bad for business, the main reason why we had to reluctantly adjust our prices three times that year. And if not for your resilience, perhaps it would have been worse.

He didn’t stop there. He also told their major distributors to brace up because 2017 will be tougher. 

“Let me tell you, 2017 is going to be tough too, and I cannot even say which one will be tougher between last year and 2017; hence my charge to you to be more resilient and hardworking,” he stated.

I guess this is a subtle message to shareholders and investors. Nigeria Breweries share price has gained about 23% in the last one year. It’s current share price of N113 is 28x its 2015 profits. 

Ugo Obi-chukwu http://nairametrics.com

Ugo Obi-chukwu "Ugodre" is a chartered accountant with over 16 years experience in financial management, corporate finance and financial analysis. He is also a retail investor and a personal finance advocate with over a decade experience investing in the Nigerian stock market. Ugo is the founder of Nairametrics and blogs regularly on the website.

What others say about : Nigeria Breweries Warns 2017 Will Be “Tough” Despite Raising Prices Thrice In 2016..


Anodebenze

Come in 2019.we will see in the next election.i do not knows what the this present govt is doing ?THEY RAISED EUROBOND FOR THE SUM OF 1 BILLION DOLLAR, AND THIS BOND WAS OVERSUBSCRIBED BY 1:8 ,they raised 8 billion dollar,and the intial news was for it to be floated on nse.we are happy.
Now we are hearing that this bond will be floated on the London exchange market.THIS RISK POLITICAL AND ECONOMIC CANNOT BE QUANTIFIED IN MONETARY OR NIGERIAN LIVES AND WELL-BEING.
THE FINANCE MINISTER OF NIGERIA SHOULD RESIGNED WITH IMMEDIATE EFFECT,AND ALL MEANING-FULL NIGERIAN SHOULD RESIST THIS FINANCE MINISTER MOVE,this a criminal act by the minister on abandoning of her duty and neglecting her job as a servant of Nigerian govt and a citizen of Nigeria.or somebody put some icepick on her hollow brain.
if her brain is empty,she have no right to enslave or mortgage the future of Nigeria.ONCE THEY FLOAT ON THE LSE,IT WILL INCREASES IN PREMIUM,NOW WHO WILL PAY FOR IT,THE FEDERAL GOVT WILL USES OIL FOREX TO PAY FOR IT,OF WHICH THE NATION DO NOT HAVE THE FOREX TO PAY FOR IT.AS A MATTER OF FACT.IT’S AN ISSUE OF LIFE AND DEATH IN NIGERIA
NOW THE CBN PUT OUR FOREX EARNING IN THE BRITISH PRIVATE BANK AND THEY PAYS LESS THAN 1 % ON OUR DEPOSIT

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