Nigerian Breweries reports 26.9% Q1 revenue jump triggering impressive bottom-line growth

NIGERIA – Nigerian Breweries, subsidiary of Heineken International, has reported a 38.59% year-on-year growth in profit to N7.66 billion (US$18.7m) for the first quarter of 2021, up from the N5.53 billion (US$13.5m) reported in the corresponding quarter of 2020. The impressive bottom-line growth can be directly linked to the 26.98% increase in net revenue, buoyed by the increase in sales during the quarter. Its net revenue in q1 2021 was N105.68 billion (US$258.3m), up from the N83 billion (US$203.04m) it made from sales in the corresponding period of 2020. According…

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Nigerian Breweries Limited halves its Profit After Tax in 2020 earning US$19.32m

NIGERIA – Nigerian Breweries Plc has recorded a net revenue of N337.046 billion (US$884.05m) in the year ended 31 December 2020, a 4.3% rise from N323.007 billion (US$847.23m) in 2019. According to the brewing company, its cost of sale rose from N191.757 billion (US$502.9m) to N218.355 billion (US$572.7m). However, it was able to bring down marketing and distribution expenses to N70.702 billion (US$185.4m) in 2020, from N77.695 billion (US$203.79m) in 2019. Also, administrative expenses reduced marginally from N19.355 billion (US$50.76m) to N19.212 billion (US$50.39m) while net financing cost rose 52…

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Nigerian Breweries invests US$13.3m in ultra-modern non-alcoholic beverage line

NIGERIA – Nigerian Breweries Plc, has opened its newly built N5.1 billion (US$13.3m) ultra-modern automated PET line at the Ijebu Ode brewery, Ogun State. According to the company, the facility is fully automated to meet world-class safety and quality requirements and has the capacity to produce 24,000 bottles of drinks per hour. It is also expected to become a central supply and a critical enabler to the company’s plans to export its drinks outside its home base to West Africa and beyond. The line will increase the production capacity of…

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Nigerian Breweries launches new sugar free malt drink, improves pack of regular one

Company name: Nigerian Breweries, Nigeria  Product type: Malt drink Innovation: New product and packaging change Nigerian Breweries has launched a new sugar free version of its popular malt beverage brand Malta and at the same time changed the look and feel of its current regular variant. The new Amstel Malta Ultra is the first sugar free non-alcoholic malt drink in the market. Targeting the health conscious consumer, the product is available in a sleek aluminium can and has a lower calorific content, according to the company. The company has also changed the packaging…

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Nigerian Breweries revamps Star Radler pack, introduces new flavour

Company: Nigerian Breweries, Nigeria Product type: Low alcohol flavoured beer Innovation: New labelling and new flavour variant Nigerian Breweries, the leading alcoholic drinks company in Nigeria has introduced a new look for its Star Radler flavoured beer. The company has introduced a gold background instead of silver on the main face of the label for its Star Radler Citrus variant and at the same time, debuted Star Radler Red Fruits variant to the brand. Available in 450 ml glass packaging, the drinks come in at 2% alcohol by volume (abv)…

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Nigerian Breweries recognizes teachers’ efforts in ‘Maltina Teacher of the Year 2020’ award

NIGERIA – Nigerian Breweries through its Felix Ohiwerei Education Trust Fund has crowned Anani Oluwabunmi, an English teacher at Concordia College in Adamawa State, as the winner of the 2020 Maltina Teacher of the Year award. The Felix Ohiwerei Education Trust Fund was set up in 1994 with a startup capital of N100 million (US$262K) to enable sustained quality education through structured intervention in the sector. In 2015 the trust fund introduced the Maltina Teacher of the Year, a national competition to identify, honour and reward outstanding teachers in Nigeria.…

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Nigerian beer manufacturers show solidarity with victims of recent violent protests

NIGERIA – The Beer Sectoral Group of the Manufacturers Association of Nigeria has condemned the violence that marred the peaceful protest around the country. “Over the past few days, we have all witnessed the sad events that have taken place in our beloved country Nigeria. What commenced as a peaceful movement was overrun and became marred by violence, resulting in loss of lives and property across our nation. “We, therefore, denounce the violence that has erupted across our nation and we want to lend a hand to support those rendered…

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Nigerian Breweries unveils Series 9 and 10 Commercial Papers to raise additional US$52.5m

NIGERIA – Nigerian Breweries has declared open its series 9 and 10 Commercial Paper (CP) program for subscription by investors as a continuation of its N100 billion (US$262m) CP program, aimed to raise up to N20 billion (US$52.50m). The program which opened on 23rd October 2020 will comprise of a tenor of 180 days for Series 9 while Series 10 would be for 270 days. According to reports by Naira Metrics, the funding will be used to support the company’s short-term funding needs as it navigates through the recent impact…

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Nigerian Breweries’ Corporate Affairs Director Kufre Ekanem resigns

NIGERIA – Corporate Affairs Director and member of the Executive Committee of Nigerian Breweries Plc, Kufre Ekanem has resigned from his duties effective 1st October, 2018. According to BeverageIndustryNews, Kufre is leaving to start a career at a culture, marketing and public relations consultancy firm, Philosoville Limited. A graduate of the University of Calabar, Calabar, Nigeria, he has worked with diverse multinational companies including Heineken, Kraft Foods, Mondelez International, Cadbury West Africa and SO&U SAATCHI & SAATCHI. Kufre Ekanem is the Chairman of Rosemary’s Group of companies and he sits…

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Nigeria Breweries launches empowerment scheme to support artisans and small businesses

NIGERIA – Nigeria Breweries (NB), producer of Life Continental Lager Beer brand has launched the 2018 Life Beer empowerment scheme alongside US$82,834.02 with an aim to empower 100 artisans and small businesses, reports NAN. Deemed “Life Progress Booster 2018’’, the initiative aims to boost small ventures to the next level and make progress in seven states of the country. According to Mr Emma Agu, the Portfolio Manager in-charge of Mainstream Lager and Stout of NB, the company was targeting Ndi-Igbo as the beverage brand, Life Beer, was being sold massively in…

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