Tag Archives: Beta Glass Plc

Beta Glass grows revenue 10% in half-year amid cost pressure

Beta Glass Plc on Tuesday reported revenue growth of 10% for the first half of the year through 30th June 2019, sustaining its growth momentum.

Revenue rose to N14.5bn from N13.1bn in 2018.

Beta Glass to pay shareholders N1.30 per share dividend for 2018 full year

Beta Glass Plc said it will pay its shareholders N1.30 per 50 kobo of ordinary shares for 2018 full-year. The company reached the resolution at its 45th Annual General Meeting (AGM) which held on 4th July 2019 at the Federal Palace Hotels, Victoria Island, Lagos.

The company at the meeting also resolved to re-elect Otunba Abimbola Ogunbanjo, Chairman of the Board of Directors, Mr. Darren Bennett-Voci, Managing Director and Mr. Nikolaos Mamoulis as a Director of the Company.

Beta Glass opens year with 9% profit growth

Beta Glass Plc announced a net profit growth of 9% for the first quarter of 2019 ending in March. Net earnings rose to N1.24bn from N1.14bn in 2018, driven by 11% revenue growth. Sales grew to N7.2bn from N6.4bn.

Beta Glass reports 23% full year profit rise, thanks to strong sales growth

Beta Glass Plc reported a net profit growth of 23% for the full year 2018. Net earnings grew to N5 billion from N4.1 billion in the previous year.

The strong profit growth was driven by a 19% rise in revenue. Sales grew to N26.3 billion from N22.1 billion in 2017, helped by a 17% increase in selling and distribution expense. Operating Profit jumped 35% to N5.9bn from N4.4bn in the preceding year.

Frigoglass to invest €25 – €30 million to enhance capacity in its Nigerian Glass Operations

Frigoglass, the Greek refrigerator and glass bottle manufacturer announced on Thursday that it will invest €25-30 million to expand furnace capacity at its Beta Glass Guinea plant, located in Agbara, Ogun state in Nigeria.

The investment will increase capacity at the plant by 35,000 tons per year.

Beta Glass earnings surge 58% in nine months on strong revenue growth

Higher sales boosted net earnings of Beta Glass Plc in the first nine months of 2018.

In the release of its financial results, the company said that net income rose 58% to ₦3.5bn in the periods, January-September, from ₦2.2bn in the same period last year.

Beta Glass names Ayobami Adebisi as new Company Secretary

Beta Glass Plc announced on Thursday the appointment of Ms. Adebola Ayobami Adebisi as its new Company Secretary effective 5 July 2018.

According to the company, Ms. Adebisi will replace Ms. Y. Titi Talabi.

Beta Glass sees growth acceleration continue in the second quarter

Beta Glass Plc reported a strong first half in 2018, a continuation of the growth acceleration begun in the first quarter. The company saw revenue growth of 49% to ₦13.1bn, driven by a 54% sales surge in the second quarter to ₦6.7bn.

Beta Glass reports strong start to 2018 as revenue, profit surge

Beta Glass Plc, said that first quarter sales grew 45% to ₦6.4bn, from ₦4.4bn in the preceding year.

The company which makes glass bottles and metal crowns for the beverage industry and others said that Operating Profit, which measures a business profitability after subtracting Operating Expenses but before interest and taxes surged 48% to ₦1.36bn from ₦916m, helped by the strong sales growth.

Beta Glass ends year on a high

Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016.

The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year.