Nigerian Breweries records 11.24 % drop in profit

For the first half of 2016, Nigerian Breweries Plc has declared profit after tax of N19.06billion, a drop of 11.24 per cent when compared to N21.47 billion recorded within same period in 2015.

However, the unaudited and provisional results released to the Nigerian Stock Exchange (NSE) indicates that the company attained  reveneue of  N157.37 billion, representing four per cent increase over the N151.67 billion declared in the corresponding period of 2015.

The results indicates that operating activities of the company improved by 0.10 per cent from N33.90 billion in the first half of 2015 to N33.94 billion in the corresponding period in 2016.

*Citybusinessnews@yahoo.com