News Details

NB plc declares N29.6 Billion Profit for the first half of 2013

  • Share

The Board of Directors of Nigerian Breweries has declared a profit of N29.6bn for the first half of the 2013 financial year. The unaudited and provisional result just released shows a seven per cent increase over the N28.5bn declared for the corresponding period in 2012.

The company’s turnover for the period also increased from N125billion in 2012 to N134billion in 2013.

A statement from the board said the company maintained its leadership position in the market in spite of the challenging economic and business environment in the first half of the financial year. This resulted in increased revenue versus the corresponding period of 2012 as well as an increase in the Results from Operating activities. Profit after Tax equally increased from N19billion in 2012 to N20.6billion in 2013.

The board statement, signed by Mr. Uaboi Agbebaku, the Company Secretary and Legal Adviser, said that though the operating environment is expected to remain challenging but, the Board is confident that the Company is prepared to take advantage of any growth in the market.

July 23rd, 2013
life

Young Entrepreneurs Jostle for Life Continental Lager Beer’s N12.5 million Progress Booster Radio Show

As the maiden edition of Life Continental Lager Beer’s Progress Booster Radio Show prepares to go…

teacher

NB Plc launches Maltina Teacher of the Year

Nigerian Breweries Plc has launched the Maltina Teacher of the Year, an initiative to recognize and…

slide

Gulder Lager Beer Relaunched In Nigeria’s Most Innovative Beer Bottle

After forty-four years in the Nigerian market, Gulder Lager Beer, the only Nigerian Lager Beer with…

arts

Entries Open for 8th National Art Competition

Nigerian Breweries Plc and the African Artists’ Foundation (AAF) have announced the opening of entries for…

pack-shots

NB Plc Reports 9% Profit Growth In Q1 2017

The Board of Directors of Nigerian Breweries Plc has declared a profit after tax of N11.…

morgan

Benin On Fire As MI, Cynthia Morgan, Wande Coal, Burna Boy, Others Grab Headlines At Star Music Trek

The historic city of Benin on Saturday August 15, 2015 played host to the crème de…

maltina

MDA8 Begins With Explosive New Dance Style

In what is bound to be a very exciting year for Nigerian consumers, families and dancers,…

maltina-entry

Entries Open For Maltina Teacher Of The Year 2016

Nigerian Breweries Plc has announced the opening of entries for the 2016 edition of the Maltina…

 

More News

Videos