Champion Breweries records 587% growth in profit for 2016

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of First Bank of Nigeria Sort Codes in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

Champion Breweries Plc, maker of the popular Champion beer recorded more profit in 2016 despite the economic harshness.

In its financial reports, the company recorded NGN1.0 billion gross profit for fourth quarter 2016 compared to NGN999.6 million recorded same period 2015 with an operating profit of NGN617.6 million in contrast to NGN206.7 million recorded same period 2016.

Champion breweries recorded NGN637.3 million as profit before tax for the year in review compared to NGN210.1 million recorded in 2015.

Consequently, the profit for the year rose by 587% to NGN530.3 million compared to NGN77.1 million recorded in the financial year 2015.

Meanwhile its total assets for the year in review reduced to NGN9.9 billion compared to NGN10.3 billion recorded in the fiscal year 2015. The total liabilities recorded for the year is NGN2.2 billion compared to NGN3.2 billion recorded the same period 2015.

- Advertisement -

Champion Breweries ended the year with revenue of NGN3.8 billion compared to NNG3.5 billion it ended the year 2015 with. Its cost of sales for the year was NGN2.7 billion in contrast to NGN2.5 billion recorded in 2015.

Read Also:  9MOBILE GAINS THE HIGHEST NUMBER OF PORTED SUBSCRIBERS IN SEPTEMBER - NCC

Company information

Champion Breweries Plc was incorporated as a Private Limited Liability Company on the 31st of July, 1974 with the same South-East Breweries Limited. The Company’s name was changed from South East Breweries Limited to Cross River Breweries Limited and thereafter to Champion Breweries Limited. The latter name, Champion Breweries Limited was changed to Champion Breweries Plc on the 1st of September, 1992.

Champion Breweries Plc maintains its high-quality Champion Lager Beer brand which remains a pride to the people of Akwa Ibom and neighbouring states within the South-South region of Nigeria.

- Advertisement -

 

(PageoneNg)

- Advertisement -
Champion Breweries records 587% growth in profit for 2016 - Brand SpurChampion Breweries records 587% growth in profit for 2016 - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Champion Breweries records 587% growth in profit for 2016 - Brand SpurChampion Breweries records 587% growth in profit for 2016 - Brand Spur

Latest News

Hydeout: The Prelude Announces Phase Two of Immersive Digital Music Experience Platform

  • Featuring Charli XCX, Rita Ora, G Eazy, Wiz Khalifa, Tinashe, Kid Laroi, Alison Wonderland, TOKiMONSTA, Zedd, Hardwell, Fedde Le Grand, Armin Van Buren, Slushii, Pixel Terror, Habstrakt, Sullivan King, KTN, Yung Bae, Manila Killa, Bohan Phoenix and More
  • Kicking off April 11 with On Location Monstercat Stream Takeover
  • Purchase Season Pass for all HYDEOUT Phase Two Events and HydeCoins for Individual Show Access: hydeoutworld.com
Read Also:  Chelsea Designated Petr Cech As New Technical Advisor


SINGAPORE - Media OutReach - 13 April 2021 - Today immersive digital music platform HYDEOUT has announced a star-studded lineup for The Prelude: Phase Two as a continuation of its globally leading programming. Since its January 2021 launch, HYDEOUT's goal has been simple: showcase the industry's most in-demand artists across genres in unique virtual settings while offering a gathering place for music fans around the world. With this ethos at its core, HYDEOUT will kick off Phase Two on April 11 with some of its most impressive shows to date.


From festival mainstages to industry leading studio artists, HYDEOUT's Phase Two programming defies genres and defines culture. Modern pop icons will be on full display with performances from English songstress Charli XCX, new-age America rap royalty G-Eazy and Wiz Khalifa, forward-thinking performer Tinashe and Australian wunderkind Kid Laroi.


Dance music's most famed legends will also take the digital stage with heroic progressive house sets in line from Zedd, Hardwell, Armin Van Buren, and Fedde Le Grand, plus multi-genre throwdowns from global stars TOKiMONSTA and Alison Wonderland. Fans of the heavier end of the electronic spectrum will be treated to a Monstercat takeover to launch phase two featuring an on-location spectacle with Pixel Terror, Habstrakt, Sullivan King and KTN. Manila Killa and Yung Bae will bring their unique indie-electronic stylings to the platform.

Hydeout: The Prelude phase one led the digital event landscape with marquee performances from Rita Ora, Martin Garrix, NGHTMRE, Andrew Rayel, Cosmic Gate, Don Diablo, Nervo, Yellow Claw, Dombresky, Eptic, Flux Pavillion and more. These shows took place across six fully immersive digital environments at The Mirage Stage, futuristic cityscapes of HydeCity, HydeAlley, The Arch and Pandemonium, or tropical worlds of Aqua Sphere and Sanctum. HYDEOUT's unique interactive features like global chat rooms, custom avatars, watch parties and mini games, offers a way forward for artists and fans looking for a deeper sense of connection.

Performance episodes from both phases are available after their premiere as Video on Demand for HYDEOUT Season Pass holders and Pay As You Go users alike. Season Passes allow access to over 40 episodes and all platform features for just $49.99 USD. HYDEOUT users looking to enjoy a handful of shows can opt for a Pay As you Go pass, with which they can gain access using HYDEOUT's own in-platform currency HydeCoins. Individual shows range from the HydeCoin equivalent of $5-$10 USD. Season Passes and HydeCoins are available via – www.hydeoutworld.com


Champion Breweries records 587% growth in profit for 2016 - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Champion Breweries records 587% growth in profit for 2016 - Brand SpurChampion Breweries records 587% growth in profit for 2016 - Brand Spur