Monthly Archives: February 2015

Challenging times for Nigerian Breweries as profits dip

Tough economic times in the country is slowing growth potential for Nigerian Breweries (NB)

The 2014 Financial Statements for the company showed a profit after tax (PAT) declined by 1.3 percent to N42.52bn, when compared to N43.08bn from the previous year (FY 2013). Sales also fell slightly by 0.8 percent to N266.37bn.

“We believe that the year-to-year decline on top-line was driven by a slow-down in beer demand arising from significant macro headwinds,” said Tunde Abidoye, Equity Analyst at FBN Capital.

7Up Third Quarter (Q3) 2014 Profit up 16.13%

7Up Bottling Company Plc growth trajectory remained steady for the third consecutive period as third quarter (Q3) 2014 profit after tax (PAT) grew by 16.13 percent to N4.54 billion, from N3.91 billion in the same period of the preceding year. Sales rose by 8.88 percent to N59.83 billion.

The company’s record earnings growth has been unprecedented since 2013 financial year. This means that the company has been successfully marketing its products to the growing population and the rising middle class.

FrieslandCampina re-launches Three Crowns milk, targeting Nigerian mothers

The Managing Director of FrieslandCampina WAMCO, Mr. Rahul Colaco said that with his company’s efforts to provide healthy products to consumers, his company was reintroducing its Three Crowns powdered milk.

“The purpose of the brand is to make mums stay healthy so that they can take care of the family.” He stated that the Three Crowns milk had been re-positioned as the brand that care for mums so they can continue to take extra care of the family.