Beta Glass ends year on a high

Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016.

The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year.

The growth in profit was helped by a 48% increase in Operating Profit to ₦4.7bn, thanks to improved cost efficiencies and a net finance income that grew 230% to ₦1.1bn from ₦344mn.

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