Daily Archives: August 3, 2016

Champion Breweries half-year revenue and profit rise

Champion Breweries Plc on Wednesday reported N79m net profit for the first-half of 2016, a 441% increase from last year when it earned N15m.

The Akwa Ibom based brewer said that revenue for the period grew 15% to N1.8bn, up from N1.6bn in the previous year.

The company also posted impressive results in the quarter under review, with net profit rising 305% to N22m on N958m revenue.

Beta Glass toasts impressive results amid currency headwinds

Beta Glass Plc, the glass container and metal crowns company said on Friday that net profit for the second quarter ending June 30 climbed 140% to N1.4bn, up from N579m a year ago.

The company which manufactures glass bottles for beverage companies among others reported a 32% increase in revenue to N4.7bn, from N3.5bn recorded a year earlier.