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Home Business News

Nigerian Breweries report negative Q3 2018 result

Ibukun SamuelbyIbukun Samuel
4 years ago
in Business News, Company News, Company Results, Markets
Nigerian Breweries Plc, Nigerian Breweries considers price increase as excise duties hike bites, Nigerian Breweries annual general meeting AGM
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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.

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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Tags: Company resultNBNigerian Breweries Plc

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