Tag Archives: 2015

Nestle Nigeria’s net profit rise 7% for full Year 2015 amid persistent headwinds

Nestle Nigeria, makers of a wide range of food and beverage products such as Milo, Cerelac, Nescafe coffee, among others released its full year 2015 financial results today showing a 7% rise in net profit to N23.7bn, from N22.2bn in 2014.

Nigerian Breweries rewards top distributors, trade partners, promises better year in 2016

Brewing giant, Nigerian Breweries Plc, on Friday, March 4, thanked its distributors and trade partners, promising a more rewarding year in 2016 at the company’s Annual Distributor’s Award Night.

The event which held at the Oriental Hotel, Victoria Island, Lagos was in honour of Distributors and Key Transporters of the company’s products, who excelled in the cause of their business partnerships in 2015.

Coca-Cola HBC reports 2015 revenue and profit decline on currency headwinds

Coca-Cola Hellenic (HBC) AG, the bottler of Coca-Cola products in 28 countries, including Nigeria reported a 2.5% revenue decline in 2015 full year to €6.35bn ($7bn). Profits also fell 4.9% to €280.3m for the year despite volume growth.

The company said currency devaluations reduced revenue by 5.1 percentage points.

Nigerian Breweries post 10.5% profit decline amid drop in consumer confidence, rising production cost

Nigerian Breweries Plc released its full-year financial results for 2015, showing a net profit decline of 10.5% to N38bn, from N42.5bn in 2014. However, sales revenue rose by 10.3% to N294bn, from N266bn in the previous year. The brewer saw a 43% jump in finance charges to N7.7bn, from N5.4bn in 2014.

Pretax profit also slid by 11.3% to N54.5bn, from N61.4bn in 2014.

Heineken posts 25% profit and higher revenue in full year 2015 results

Amsterdam-based Heineken N.V on Wednesday, reported a 25-per cent rise in net profits for full year 2015, on the back of higher revenue and favourable exchange rates in key markets.

The world’s third largest brewer reported higher profits in mature and cash strapped European markets which accounts for half of its revenue. The brewer saw higher profits in Poland, Spain, UK and France, which were driven by sales in premium beer and cider and helped by last summer’s good weather.