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 Markets Equities Company Results

Champion Breweries Plc grows profit by over 500% to hit N984 million in FY 2021

Champion Breweries’ grew its total assets to N13.49 billion.

Chidinma Anyalewechi by Chidinma Anyalewechi
March 2, 2022
in Company Results, Consumer Goods
Champion Breweries Plc appoints new Managing Director 
Share on FacebookShare on TwitterShare on Linkedin

Champion Breweries Plc has released its FY 2021 results which revealed 520% growth in post-tax profit, from N159 million in the corresponding period of 2020, to N984 million in the current period.

Despite the inflation, Champion Breweries Plc was able to record ground-breaking sales. Hence, the fourth most capitalized brewery has benefitted from the persistent increase in the prices of commodities and services during the period.

RelatedPosts

MultiChoice blames FX Challenges for ZAR367m loss in Nigeria

MultiChoice reports N196.3 billion in subscription revenue from Nigeria

The year in review witnessed double-digit food inflation, brought about by persistent increase in prices of goods and services, thereby resulting in inflationary pressures that affected both consumers and producers.

Key highlights of the result

  • Further look at the result shows that the company’s profit was driven by significant growth in sales of the company’s products, that is, Champion Beer and Champ Malta. This delivered a revenue of N10.10 billion in the full-year period compared to N5.89 billion in the same period of 2020, representing 71.38% growth y-o-y.
  • The company also earns income from third-party contracts, which entails brewing and packaging agreements. This raked in N421 million in 2021, compared to N1.16 billion in 2020, suggesting that the company was not awarded as many contracts in 2021 compared to the prior year.
  • In addition, the company also made money from other income lines, including sale of scraps, by-products and packaging materials which generated a combined N109 million during the period. Also, the company earned interest income on short-term deposits during the period.
  • Champion Breweries Plc full-year revenue performance was subdued by an 80% rise in the cost of raw materials, which also affected profit as a trickled down effect.
  • The company’s reported revenue was impressive despite the reduction in advertisement and marketing expenses during the period.
  • Champion Breweries’ grew its total assets to N13.49 billion, net assets rose by 15% to N9.22 billion.

Champion Breweries Plc has an Earnings per share of N0.13kobo from N0.02 kobo in 2020.

The company last traded at N2.23 per share and has declined by 5.11% from year-to-date. Click here to subscribe to Nairametrics Stock Select Newsletter.

Related

Tags: Champion breweries

Leave a Reply Cancel reply

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

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


FCMB
Ikeja Electrics




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

    Recent News

    •  Investors in MTN Public Offer gain N35 billion in 6 months
    • Crypto Focused Hedge Funds are Shorting USDT – Reports
    • Customs seizes N1.3bn worth of smuggled goods in Ogun between May and June

    Follow us on social media:

    Recent News

    : MTN-Nigeria-CEO-Karl-Toriola

     Investors in MTN Public Offer gain N35 billion in 6 months

    June 28, 2022
    Tether, the most promising stable coin, now the third most valuable cryptocurrency

    Crypto Focused Hedge Funds are Shorting USDT – Reports

    June 27, 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