Heineken’s Nigerian Breweries posts N344.56 billion revenue in 2017

Olusegun Adebanji

Nigerian Breweries, the local unit of Heineken N.V. said it recorded total revenue of N344.56 billion for the full year 2017.

On a year on year basis, revenue of Nigeria’s largest brewer only grew by about N30 billion on a year on year basis.

The profit of Nigerian Breweries came a little higher at N46.63 billion compared to N39.67 billion disclosed last year.

It would be recalled that Heineken had complained about the tough conditions facing the group operations in Nigeria and other parts of sub-Saharan African countries.