Nigerian Breweries Plc published its third Quarter report for the period ended 30th September, 2020 on the website of the Nigerian Stock Exchange. The report shows that the company declined both in top line and bottom line figures.

The turnover of the company closed marginally lower by 0.70% to settle at N234.038 billion below N235.679 billion reported in Q3’2019.

Profit after tax also dropped by 43.47% from N12.275 billion in 2019 to N6.940 billion in the current period under review.

The company’s earnings per share (EPS) for the period under review is evaluated as 87 kobo from 153 kobo filed in Q3’2019.

With reference to the share price of N52.00, the P.E ratio of Nigerian Breweries is calculated as 59.92x with earnings yield of 1.67%.