Nigerian Breweries Plc has released its financial results for the first quarter ended March 31, 2025, reporting a pre-tax profit of N69.9 billion. This is a notable recovery from a pre-tax loss of N65.5 billion in the same quarter of…
…Losses balloon to N144 billion in 2024 Nigerian Breweries Plc reported a post-tax loss of N144.8 billion for FY 2024, as detailed in its full-year audited financial report released on the NGX on February 14, 2025. This figure represents a…
Nigerian Breweries has announced the appointment of Mrs. Juliet Anammah as the substantive Chair of its Board of Directors, effective January 1, 2025, making her the first woman to hold this position. The decision, made at the Board of Directors…
By Esther Agbo Nigerian Breweries Plc has announced plans to raise N599.1 billion through a rights issue, aimed at repairing its balance sheet and mitigating the effects of foreign exchange (FX) devaluation on its operations. This was revealed during the…
Nigerian Breweries Plc has recorded N81.88 billion gross profit in the first quarter ending March 31. This represented an 87 percent increase when compared with N43.88 billion posted in the first quarter ended March 31, 2023. The company disclosed this…
Nigerian Breweries Plc has embarked on a company-wide reorganisation business recovery plan to ensure a sustainable future for its stakeholders. The company’s Human Resource Director, Grace Omo-Lamai, said this in a statement signed by Mrs Sade Morgan, its Corporate Affairs…
…As company records N106bn loss Reduced purchasing power of consumers in the country have negatively affected the profits of Nigerian Breweries. The CEO of Nigerian Breweries, Hans Essaadi lamented that Nigerian consumers of its Goldberg brand can no longer afford…
By Matthew Denis Beer drinkers are set for unease as the Nigerian Breweries (NB) Plc has announced an upward review in the prices of some products in its stock-keeping units (SKUs) to “mitigate the impact of the rising cost of…
Nigerian Breweries Plc has announced a revenue of N277 billion for the half year ended June 30, 2023. The company made the disclosure in an unaudited and provisional results for the period signed by its Secretary, Mr Uaboi Agbebaku, on…
Nigeria Breweries have recorded N10.7 billion loss in first quarter of 2023 amid poor sales revenue and rising costs The brewing company has experienced heightened operating pressure for the past three quarters, having posted losses in the entire second half…
