Tag Archives: RenCap

Consumer confidence to worsen in H2, says analysts

July 27, 2016   Editor   No comments

Consumers in Nigeria will further feel the strain of a weakened economy in the second-half of the year as reduced purchasing power, coupled with the high cost of petrol and an anticipated increase in interest rate bites, according to analyst. 

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Nigerian Breweries posts lower half-year (H1) profits on higher operating costs, competitive pressure

August 21, 2015   Editor   No comments

Nigerian Breweries (NB Plc) reported a 10 percent decline in its half-year (H1) profits after tax to N21.477 bn, when compared to half-year (H1) 2014 profits after tax of N23.871 bn.

The profit and loss statement shows higher costs of sales, higher operating expenses and higher interest expense among others as contributing factors. The one bright spot was gross earnings, which grew by 7.19 percent to N151.673 bn, when compared to 2014 half-year results of N141.45 bn.

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