Nigerian Breweries posts N7.7bn profit in HY 2021

Nigerian Breweries Plc in its Half Year financial statement for the period ended 30 June 2021 achieved significant growth in the top line and bottom line figures.

A turnover of N209.26 billion was reported, up by 37.84% from N151.81 billion reported in HY 2020.

Profit after tax appreciated year on year by 38.09% to N7.718 billion from N5.589 billion reported the previous year.

Earnings per share increased to 97 kobo from the EPS of 70 kobo achieved the previous year.

At the share price of 57.50, the P.E ratio of Nigerian Breweries stands at 59.58x with earnings yield of 1.68%.

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