Tag Archives: Champion Breweries

Champion Breweries sees strong revenue, profit growth in nine months

champion lager and champ malta

Champion Breweries Plc on Monday reported revenue growth of 46% for the nine months to the end of September. Sales grew to N4.8bn from N3.3bn in the same period in the previous year.

Gross profit was up 57% to N1.08bn. The company’s revenue was driven by increased selling and distribution cost, which rose by 37% to N864m, and by 66% in the third quarter alone.

Operating profit jumped by 158% to N407m. The company also benefitted from a 100% decrease in net finance cost.

Champion Breweries profit surge in half-year, lifted by strong sales growth

Champion Breweries Plc, reported over 650% growth in net profit for the six months to the end of June, bolstered by strong sales growth.

Net profit was up N99m from N13m in the previous year, driven by a sales jump of 54% to N1.62bn.

The maker of Champion Lager and Champ Malta saw a 39% spike in cost of sales, with gross profit rising 84% to N640m.

Champion Breweries rebounds to profit in first quarter on strong sales growth

Champion Breweries Plc announced on Monday a 63% growth in net profit for the first quarter ending 31 March 2019. The company said that profit grew to N110m from N67.4m in the previous year, driven by a strong revenue growth of 61.3% to N1.8bn from N1.12bn.

The company which makes the Champion Lager beer and Champ Malt as well as serve as a contract manufacturer for Nigerian Breweries Plc saw a 53% rise in cost of sales to N1.2bn from N803m. Gross profit climbed a whopping 81% to N591m.

Champion Breweries honours distributors, trade partners at Distributor’s Award

Champion Breweries Plc recently held its 2018 Distributors Award ceremony in Uyo, Akwa Ibom State, where dozens of distributors in different categories were rewarded with various gift prizes, including tricycles, fans, among others.

Speaking at the award ceremony, the Managing Director of Champion Breweries, Mr Patrick Ejidoh, said that for the first time since the company’s founding in 1979, it was becoming profitable and ready to start paying dividends to shareholders.

Champion Breweries ends year with a loss

Champion Breweries Plc on Thursday reported a net loss of N264m for the full year 2018.

The Akwa Ibom-based brewer said that its business experienced flat sales growth amid rising costs. Total sales declined tepidly by 0.28% to N4.8bn amid a jump in administrative expenses of 143% to N962m.

A similarly 27% spike in Selling & Distribution expenses to N529m from N417m in the previous year also added to the brewer’s woes, leading to an operating loss of N224m.

Champion Breweries reports profit decline in nine months amid disappointing sales

Champion Breweries Plc reported a 21% drop in profits for the first nine months of 2018 to ₦120 million. In the same period in 2017, the company earned ₦152 million. The profit decline accelerated in the third quarter by 40% to ₦40 million, from ₦66 million in the previous year.

The drop in earnings was attributed to disappointing sales despite higher selling and distribution expense. Net revenue declined by less than 1% in nine months to ₦3.2bn, but grew by 7.5% in the third quarter to ₦1.1bn.

Champion Breweries posts 7% profit decline in half year as costs rise

champion lager and champ malta

Champion Breweries plc, said that net profit for the six months to the end of June 2018 fell by 6.53% to N80.5m from N86m in the same period in 2017.

The Akwa Ibom based brewer blamed the decline on rising cost of selling and distribution expenses, which rose 95% in the period to N347m. The second quarter saw a 127% spike in selling and distribution cost to N226m.

Champion Breweries reports strong profit growth in first quarter

Champion Breweries Plc, on Friday reported a 70% rise in profit for the first quarter of 2018 to ₦67 million. In the same period last year, the company recorded ₦39.5 in profit.

The brewer best known for its Champion Lager and Champ malta drink was helped by a 2% growth in revenue to ₦1.1 billion and a 9.4% reduction in cost of sales. But the biggest impact to net profit came from increased selling and distribution expense which rose by 55.23% to ₦121 million.

Profits down at Champion Breweries amid rising cost

champion lager and champ malta

Champion Breweries Plc, on Monday reported a 2.4% drop in profit for the 2017 full year through December. Profit fell to ₦518m from ₦530m in 2016.

The decline in profit was blamed on a spike in administrative expenses which grew by 157% to N412m. Selling & Distribution expenses also increased by 30% to ₦417m from ₦322m in the previous year.

Despite the profit decline, the company reported a 24% growth in revenue to ₦4.8bn. In the same period in 2016, the firm recorded net revenue of ₦3.9bn.

Champion Breweries records 57% profit growth in nine months

Champion Breweries Plc said on Tuesday that net profit for the nine months to the end of September grew 57% to ₦152m ($419,000), up from ₦97m ($267,000) in 2016.

The Akwa Ibom-based brewer said that profit growth was helped by a 25% sales lift which reached ₦3.3bn ($9 million) from ₦2.7bn ($7.4 million) in the previous year. Cost of sales grew marginally at 13.5% to ₦2.5bn ($6.9 million), helping boost Gross profit 58% and Operating Profit 73% to ₦171m ($471,000).