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.

Champion Breweries manufactures Champion Lager beer and Champ Malta in Uyo, Akwa Ibom State. The products are marketed and distributed in the area and surrounding environs. The company is majorly owned by Raysun Nigeria Limited, a Heineken controlled company.

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