BUSINESS

Nigerian Breweries Records 18.45% Profit Rise In Nine Months 2021

Nigerian Breweries Plc, the country’s leading brewer ans a subsidiary of Heineken  N.V. a company domiciled in the Netherlands has released it Unaudited Condensed Interim Financial Statements for the nine months ended 30th September 2021 with 18.45% rise in profit for the period to N8.217 billion from N6.940 billion in nine months 2020.

Profit for the three months ended 30th September 2021 dropped by 63.09% to N498.373 million from N1.350 billion in Q3 2020.

Net Revenue for the nine months rose to N309.281 billion from N234.039 billion in 2020 while revenue for Q3 rose to N100.024 billion from N82.229 billion in Q3 2020.

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