News Details


  • Share

Lagos, Nigeria: Wednesday, July 31, 2019

The Board of Directors of Nigerian Breweries Plc has announced the Company’s results for the first half of the year ended 30th June, 2019. According to the unaudited and provisional results filed with The Nigerian Stock Exchange, the Company announced a Revenue of ₦170.2 billion for the period under review and Profit after Tax of ₦13.3 billion during the period.
While year on year there was a marginal Revenue decline of 1.4% compared to the ₦173 billion recorded in the corresponding period of 2018, the Company recorded a quarter on quarter 4% Revenue growth buoyed by mid-single digit sales growth driven by strong performance in the Premium and Mainstream segments. The strong performance in the quarter was despite the impact of the increase in Excise Duty cost and other costs due to inflation. Continuous focus on cost initiatives helped the Company to return an Operating Profit of ₦24.5 billion and a Profit after Tax of N13.3 billion for the period.
The Operating environment remains challenging with another increase in the Excise Duty rate coming into effect at the beginning of June 2019. The Company remains confident that it has the right long-term strategy that will continue to deliver good return on investment to its Shareholders.


Sade Morgan

Corporate Affairs Director,

+234 803 402 2730;

October 25th, 2019

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…


NB Plc launches Maltina Teacher of the Year

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


NB Plc Declares N33b Dividend For 2017

The Board of Directors of Nigerian Breweries Plc has announced its results for the 2017 operating…


NB Announces 9 Months Results For 2017, Declares 7.9b Interim Dividend.

The Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion for…


Heineken Screens UCL Matches At Premium Centres In Nigeria

AddThis Sharing ButtonsShare to FacebookShare to TwitterShare to PrintShare to EmailShare to More Fans of the…


NB Plc proposes N38 billion dividend for 2015, posts resilient results

The Board of Directors of Nigerian Breweries Plc has announced a revenue of N293 billion for…

Maltina Teacher of the Year

Maltina Teacher of The Year

As part of its continuous Corporate Social Responsibility (CSR) investments in the development of the educational…


Star Lager and Access Bank Announce New Music Show ‘Access The Stars’

In a move that signals the biggest corporate partnership in the Nigerian music industry, Star Lager…


More News