Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Opinions Blurb

Earnings Analysis 2013 9 Months: Nigerian Breweries Result Hit By Weak Q3

Nairametrics by Nairametrics
October 24, 2013
in Blurb
Earnings Analysis 2013 9 Months: Nigerian Breweries Result Hit By Weak Q3
Share on FacebookShare on TwitterShare on Linkedin

NBL 2013 9 months

Nigerian Breweries released its 2013 9 Months result showing revenue rose 5.3% to N190.3billion (2012 9 Months: N180.7billion). Gross Profit was N92.3billion as cost of sales sliced 51.5% off revenues. Operating expenses cost another N50.6billion as the company post operational profit of N41.7billion (2012 9 Months: N42.2billion). The company post a pre-tax profits of N38.5billion 3.7% more than the N37.1billion it posted a year earlier.

QoQ

RelatedPosts

BEER WARS: Guinness Nigeria overtakes International Breweries as second largest Brewer by market share

NB: Dividend for the greater fool

NBL 3 Quarters 2013

Key Highlights[upme_private]

  • The Quarter on Quarter results reveals a clearer insight into the company’s operations for the last 3 quarters of the year. The 3rd quarter saw a decline in margins compared to the 1st and 2nd mostly due to a large drop in revenue. Revenue for Q3 was about 13billion lower than Q2 and about N8billion lower than Q1. The company has this lowered its forecast for the year as competition and pressure on demand takes its toll on market share.
  • Working capital was negative at about N29billion a worrying sign considering the company still owes about N17.5billion in current tax liabilities. It also owes its suppliers and other non-trade creditors a total of N58billion compared to N23.2billion which it is being owed.
  • It also appears interest cost have yet to reflect fully on the company’s operations as most are perhaps capitalised.
  • A return on equity of 20% for 9months is quite pleasant in this economy, however the current market price makes it rather poor.

Nigerian Breweries 2013 9 Months result was released in the website of the NSE[/upme_private]

 

 

Related

Tags: Nigeria BreweriesNSE 30RESULTS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Central African Republic starts crypto hub to boost financial inclusion
    • FG reveals why it is pushing for more Public Private Partnerships in Nigeria
    • Review: TECNO Camon 19 Pro is stylish but not in a different class

    Follow us on social media:

    Recent News

    Central African Republic starts crypto hub to boost financial inclusion

    July 5, 2022
    FG publishes list of suspended passports for refusing post-arrival Covid-19 test

    FG reveals why it is pushing for more Public Private Partnerships in Nigeria

    July 5, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com