Tag: Nigerian Breweries
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Good morning and welcome to this week’s bulls and bears. Bulls and Bears is a weekly thread where i look at happenings on the NGX and US equity space. If you have any questions, please feel free to share. You can also send an email to info@greentickertales or use this anon link. So how did…
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Nigerian Breweries dropped its audited FY 2024 numbers last week Friday. Revenue hit the N1 trillion mark up 80% from the N599 billion it made in FY 2023. That’s taken the brewer into a select number of firms on the exchange to do that. They include MTN Nigeria and Dangote Cement. Operating margins are thin.…
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About the company Nigerian Breweries Plc, was incorporated in Nigeria on the 16th November 1946, under the name, Nigerian Brewery Limited. The name was changed on 7th January 1957, to Nigerian Breweries Limited and thereafter to Nigerian Breweries Plc in 1990 when the Companies and Allied Matters Act of that year took effect. Heineken N.V, …