WATCH THE VIDEO HERE Foremost brewing company in Nigeria, Nigerian Breweries Plc, has released its audited Group Financial Statements for the financial year 2024, recording an unprecedented and impressive revenue of N1.1 trillion. This represents a massive 81% increase on the N599.6 billion recorded in the corresponding period in 2023. A further breakdown of the audited results revealed a significant 51% growth in group gross profit from N212.6 billion in 2023 to N320 billion in 2024. The operating profit equally grew significantly by 59% from N44 billion to N70 billion during the period in spite of the challenges of huge increase in input costs.
Nigerian Breweries Plc crosses the trillion naira mark in revenue, returns to profitability in quarter 4
