CORPORATE BRIEF: NB PLC Nigerian Breweries recorded a growth of 14.4% and 19.4% in Revenue and Net income respectively

0
In recent Nigerian Breweries Plc unaudited  Q3 2017 earnings’ report, both revenue and net income were grown by 14.4% and 19.4%  respectively against Q3 2016 figures. 
 
The firm recently acquired plant and equipment to boost productivity at a cost of N18.5 billion during the period.

The % change in the cost of sales was higher than revenue, as a result of high cost of imported raw materials for production activities.

Key Highlights: 

  • Nigerian Breweries recorded a growth of 14.4% and 19.4% in revenue and net income respectively for the nine months period.
  • The firm recently acquired plant and equipment to boost productivity with a cost of ₦18.5 billion during the period.
  • The %change in the cost of sales was higher than revenue, as a result of high cost of imported raw materials for production activities.
  • Other income had an impressive growth of  404%, realized from the sales of scraps,  contributed majorly to the bottom line.
  • Operating profit margin dipped due to the increase in operating expenses (Cost of sales, Distribution expenses etc.); however, PBT margin rose by 100 basis points as a result of reduced finance cost.
Kindly click on this link to see full details on the Corporate Brief of the firm.

Leave a Reply

Show Buttons
Hide Buttons
Powered by Live Score & Live Score App