Beta Glass reports 13.1% sales growth in six months

Beta Glass Plc, on Friday reported sales of N8.8bn for the first six months of 2017, a 13% increase from the previous year’s revenue of N7.8bn.

The company which makes glass bottles and metal crowns for the beverage industry and others said that operating profit rose 212% to N1.6bn, helped by lower cost of sales which grew marginally by 1.49% to N6.7bn, from N6.6bn.

Beta Glass said it gained N536m in net finance income.

Net profit for the six months to the end of June fell1.28% to N1.43bn compared to N1.45bn in the previous year.

Beta Glass Plc is a manufacturer of glass bottles, metal crowns and containers for the soft drinks, breweries, wine and spirits and others. It has manufacturing plants in Agbara, Ogun State and in Ughelli, Delta state and also exports its products to other African countries.

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