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CHAMPION BREWERIES
News and analysis about Champion breweries
Brewery companies listed on the Nigerian stock market have delivered impressive performances so far in 2025, marked by rising share prices, higher trading volumes, and renewed investor interest across the sector.
The finance costs of major FMCG companies in Nigeria surged by 133.3% year-on-year, reaching N1.074 trillion in the first nine months of 2024 compared to N460.22 billion in 2023.
Champion Breweries Plc plans to issue 1,579,058,099 ordinary shares to raise capital from local and international markets, a key agenda item for its Extraordinary General Meeting (EGM) slated to be held on December 4, 2024.
Champion Breweries Plc is planning to raise capital through a public offer aimed at both meeting Nigerian Exchange (NGX) listing requirements and funding its expansion.
Champion Breweries Plc, a player in the Nigerian brewing industry, has recently entered a new phase with EnjoyCorp Limited's acquisition of an 86.5% stake.
The Board of Champion Breweries Plc has announced the completion of the acquisition of an 86.5% stake by EnjoyCorp Limited in the brewery firm.
Champion Breweries plc has reported a profit before tax of N445 million for the year ended 31 December 2023, representing an 80% YoY decline from the N2.249 billion reported in 2022.
Consumer Goods Index (CGI), which measures the performance of the consumer companies quoted on the floor of the Nigerian Exchange depreciated by 6.30% during the quarter, from 623.99 index points to 584.68 points.
Inflationary pressures and interest rate hike are like to impact on the cost of production and consumer demand, and likely affect the company’s top and bottom lines.
Despite market uncertainties and volatility arising from macroeconomic changes, the Nigerian equities market just like in 2021 has so far fared well.
Champions Breweries' share price posted gains of 32.52%% last week, leading the top gainers of the 3-day trading week.
Champion Breweries Plc has released its FY 2021 results which revealed 520% growth in post-tax profit