Beta Glass sees growth acceleration continue in the second quarter

Beta Glass Plc reported a strong first half in 2018, a continuation of the growth acceleration begun in the first quarter. The company saw revenue growth of 49% to ₦13.1bn, driven by a 54% sales surge in the second quarter to ₦6.7bn.

The company which makes glass bottles and containers for the beverage industry and others said that net profit grew by 67% to ₦2.4bn in the six months to the end of June due in part to a 125% increase in Operating Profit in the second quarter to ₦1.5bn, thanks to improved cost efficiencies and a 158% gain in interest income as well as an appreciable net finance income. Net profit in Q2 rose 98% to ₦1.3bn.

You may also like:

Leave a Reply

Your email address will not be published. Required fields are marked *