Nigerian Breweries reports N13.6bn as profit in 3 months

Nigerian Breweries on Monday published its First Quarter report for the 3 months ended 31 March 2022.

The company reported a turnover of N137.77 billion for the 3 months period, up by 30.37% from N105.68 billion reported in Q1 2021.

Profit after tax grew year on year by 77.73% to N13.61 billion from N7.66 billion reported the previous year.

Earnings per share of the company stands at N1.69, up by 77.73% from the EPS of N0.95 reported the previous year.

At the share price of N53.5, the P/E ratio of Nigerian Breweries stands at 31.74x with earnings yield of 3.15%.

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