Tag
INTERNATIONAL BREWERIES
News and analysis about international breweries
The Nigerian bourse ended the week cumulatively on a less impressive note.
BERGER led 17 Gainers as against 19 Losers topped by NEM at the end of today's session.
Beer makers saw their revenues plummet in the second quarter of 2020 as the economic shut down extinguished sales.
Guinness laid issues like port congestion, tax reforms and decline in alcohol pricing have eaten deep into the company's profit, affecting the operations of the company.
Despite aggressive marketing and advertising strategies in 2019, International Breweries Plc reported a drop in revenue and a loss.
International Breweries recorded a 9.7% y/y increase in Revenue to N132.4 billion in FY 2019 from N120.6 billion in FY 2018. While Revenue was up on a q/q basis (up 22.6% q/q) due to increased activities during the festive period
Nigeria’s International Breweries will secure about N123 billion investment from Belgian company, AB InBev (Anheuser-Busch InBev).
International Breweries (IntBrew) reported a 16.7% y/y growth in Net Revenue to N97.3 billion in 9M 2019 from N83.3 billion in 9M 2018.
Nigerian Breweries Plc, International Breweries, and Champion Breweries have decried the N35.8 billion spent as excise duties in the country, calling the Federal Government to slash the rate.
Rencap indicates Guinness Nigeria Plc remains a major top pick in the brewery segment of the Nigerian Stock Exchange.
The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in positive territory. The All-Share Index closed at 27,586.79 basis points, up 0.08%.
Nigerian Breweries (NB) announced a 1.4% y/y decline in Net Revenue in H1 2019. Although we expect seasonality factors to pressure full year Revenue lower, annualised Revenue of N340.4bn came in ahead of our forecast of N332.0bn.