Nigerian Breweries Plc declares N149.5bn loss in Q3 2024

Nigerian Breweries Plc has declared a loss after tax of N149.5 billion for the period ended 30 September 2024.

Revenue of N710.87 billion was reported for the 9 months period, up by 76.92% from N401.8 billion reported the previous year.

Loss after tax of N149.5 billion was reported for the 9 months period as against the loss after tax of N57.19 billion reported the previous year.

Earnings per share of Nigerian Breweries stands at NEGATIVE N14.55.

At the share price of N28, the P/E ratio of Nigerian Breweries stands at NEGATIVE 1.92x with earnings yield of NEGATIVE 51.96%.

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