By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Beer maker, Nigerian Breweries Plc on Friday said its 2020 pretax profit for the full year ended December 31 2020 declined -50.43 percent to N11.6 billion from N23.4billion recorded a year earlier.
Post-tax profit for the review period also dipped 54.25 percent to N7.4 billion from N16.1 billion in the same period of 2019
Gross profit also depreciated 9.6 percent to N118.7 billion from N131.2 billion posted the corresponding period of 2019.
However, revenue of the brewer grew slightly from N323.0 billion in 2019 end to N337.0 billion in the review period of 2020; indicating a growth of 4.35 percent, the brewing giant said in a filing with the Nigerian Stock Exchange (NSE).