Nigerian Breweries report negative Q3 2018 result

Nigerian Breweries Plc has released its Q3 2018 interim financial results for the period ended 30th September 2018.

Here are the key highlights of the results:

Revenue

Revenue for the company dropped from ₦270 billion in 2017 to ₦254 billion in the year under review. This represents a 5.62% decrease year on year.

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Profit Before Tax

Profit Before Tax also dropped from ₦34 billion in 2017 to ₦22 billion. This represents a 34.7% decrease year on year.

Profit After Tax

Profit After Tax likewise dropped from ₦24 billion in 2017 to ₦14 billion. This represents a 38.4% decrease year on year.

Earnings Per Share

The Earnings Per Share also dropped from ₦300 in 2017 to ₦185 in 2018. This represents a 38.3% decrease year on year.

Current Share Price

Nigerian Breweries Plc is traded at ₦90 in today’s trading session on the floor of the Nigerian Stock Exchange.

DOWNLOAD NIGERIAN BREWERIES Q3 2018 RESULTS

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