Daily Archives: October 24, 2015

Champion Breweries posts 9-months pretax profit of 104.66%

Shareholders of Champion Breweries, the Akwa Ibom based brewer have something to smile about as the company’s released unaudited financial results for the 9-months ending 30 September, 2015 show a 104.66 percent rise in pretax profit to N62,590m. In the same period in 2014, the company recorded a N1.344bn loss. Net profit also rose by 103.26 percent to N43,810m for the period under review.

Champion’s revenue for 9-months ending 30 September 2015 rose 3.94 percent to N2.27bn, from N2.18bn in the preceding year.