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Nigerian Breweries Plc has recorded 73 per cent increase in revenue in the half-year period ended 30 June 2024, despite the challenging operating environment characterized by soaring inflation, exchange rate volatility, security challenges, elevated input costs, and rising cost of living.
The unaudited results, which were released to the Nigerian Exchange Group (NGX), also revealed a 34 per cent increase in operating profit for the period.
Speaking on the result, Managing Director/CEO, Nigerian Breweries Plc, Mr. Hans Essaadi, said: “In the six months ended June 30, 2024, Nigerian Breweries demonstrated resilience and is on the path to recovery as seen in the results delivered despite the challenging external environment characterized by high inflation and heightening operating costs.
“Our revenue grew by 73 per cent in the half-year compared…
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