Nigerian Breweries Reports 4.3% Rise In Net Revenue

….Declares N14b Dividend for 2020
Nigerian Breweries Plc, the pioneer and largest brewing Company in Nigeria has released its 2020 Annual Report and Accounts with 4.3% rise in net revenue to N337.006 billion as against N323.002 billion in 2019.

According to the Annual Report, the company reported a 53.3% decline in profit for the year to N7.526 billion as against N16.105 billion in 2019.

Meanwhile, the company has declared dividend of N14.075 billion for the year, a 24.5% shortfall from N18.633 billion in 2019.

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