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Home Markets Equities Company Results

2020 FY Results: Nigerian Breweries reports a 54.3% decline in profits in 2020

Blurb Team @Nairametrics by Blurb Team @Nairametrics
March 5, 2021
in Company Results, Consumer Goods, Markets
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Nigerian Breweries Plc released its audited results for the year ended December 2020.

  • Revenue for the year was N337.00 billion. (+4.3% YoY)
  • Profit for the year was N7.53 billion in 2020. (-54.3% YoY)
  • Earnings per share for the period under review was 92kobo. (-54.2% YoY).
  • The leading brewer proposed a final dividend of 69 kobo per share. (2019: 151 kobo per share)
  • The company share price of N50, as of 4th of March 2021, is -10.72% down year to date.

See link to results

Blurb Team @Nairametrics

Blurb Team @Nairametrics

The "Blurb Team" is the official conveyer of the opinions of the Nairametrics Research & Analysis Board on matters of financial reports, macroeconomic data, and economic policies.

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