Champion Breweries posts 56% rise in profit for nine months

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Champion Breweries Plc, the only non-group brewer in Nigeria said that in the nine months ended in 2017, its net profit grew by 56% to NGN156.1 million compared to NGN96.9 million recorded same period in 2016.

The company delivered NGN3.3 billion revenue for the period in contrast to NGN2.6 billion recorded in the previous year while gross profit was NGN816.6 million against NGN686.0 million in the year before.

Champion breweries plc declared NGN9.9 billion assets for the nine months same as NGN9.9 billion declared in 2016 while total liabilities was NGN2.0 billion against NGN2.2 billion posted in the year before.

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