Monthly Archives: April 2016

Beta Glass Q1 2016 net profit drop 85%

Beta Glass Plc, maker of glass bottles for bottling companies and brewers said its revenue declined by 24% to N3 billion, from N4 billion in the same period a year ago.

Beta Glass core glass making business is in decline as more beverage companies and brewers switch to cans and plastics packaging.

AB InBev offers to dispose of SABMiller’s Central, Eastern European brands as it seeks regulatory approval

Brewing giant, Anheuser-Busch InBev (AB InBev) has offered to sell SABMiller’s Central and Eastern European brands, including Pilsner Urquell as part of efforts to gain regulatory approval for its planned acquisition of SABMiller.

Brown-Forman acquires Scotch Distillery, adds three Single-malt premium brands to portfolio

Brown-Forman Corp, the American spirits company behind such names as Jack Daniel’s Tennessee Whiskey, Woodford Reserve premium bourbon, among others, said on Wednesday it had acquired The BenRiach Distillery Company in Edinburgh, Scotland for $416 million. The purchase includes three malt distilleries, a bottling plant and the company’s headquarters in Edinburgh. The sale is expected to close on June 1.

Chi Limited unveils Chivita Active Vegetable & Fruit Nectar

Chi Limited, a company known for its Chivita brand of fruit juices, has launched Chivita Active Vegetable & Fruit Nectar into the market as a healthier alternative.

The product is a blend of fruits and vegetables. According to the company, it contains the anti-oxidants and stamina needed for a healthy active lifestyle.

Chivita Active Vegetable & Fruit Nectar is produced without artificial colours, flavours or preservatives and comes in three variants – Carrot Orange, Beetroot Grape and Beetroot Apple, with each variant offering different health benefits.

Nigerian Breweries flags-off 2016 Edition of Maltina Teacher of the Year Awards

Nigerian Breweries Plc flagged-off the 2016 Edition of Maltina Teacher-of-the-Year Awards in Lagos on Wednesday, April 26th 2016.

The Award is meant to recognize and celebrate exceptional teachers in ALL Secondary schools in Nigeria.

Champion Breweries reports 15% rise in revenue for Q1 2016

Champion Breweries Plc, the Akwa-Ibom based brewer reported a 15% rise in sales for the first quarter ending 31 March 2016.

The brewer of Champion Lager saw its revenue rise to N872, from N757 in the same quarter in 2015.

Gross profit also rose 46% to N265m, from N182m in 2015.

Guinness Nigeria records loss in third quarter

Guinness Nigeria Plc, known for its iconic Guinness stout,  among other brands reported a pre-tax loss of (N448m) in the just released third quarter results ending 31 March 2016. Net income also fell into negative at (N308m). In the same period a year ago, the company recorded N2.5bn in pre-tax profit and N1.8bn net income respectively.

Nigerian Breweries starts year with momentum as sales rise 11% in first quarter

Nigerian Breweries Plc (NB) said on Thursday its revenue grew by 11% for the three months ended 31st March 2016, climbing to N77.5bn, from N69.9bn recorded a year earlier.

The brewer of Star Lager, Gulder and Legend Extra Stout, among others has been facing economic headwinds following a slump in global oil prices which has led to a drop in consumer demand.

SABMiller finishes quarter 7% higher, but lower for full year on weak demand, currency headwinds

SABMiller, the brewer in the midst of being acquired by its bigger rival, Anheuser-Busch InBev (AB InBev), said it sold 4% more lagers in the first three months of 2016 than it did in the same period a year ago.

The maker of Miller Lite, Castle Lager, Hero, among others said its revenue rose 7% in the quarter ended March 31 with volume rising 4%.

Coca-Cola revenue, profits fall on weak currencies

Coca-Cola’s revenue fell for the fourth straight quarter as weak demand in Europe and a strong dollar against other currencies cut into sales from other markets outside the United States, including Latin America.

Coke and its smaller rival, PepsiCo have been hurt as consumers increasingly turn away from carbonates and instead opt for healthier beverages such as teas, water, fruit juices and smoothies.