[PROMOTED] Q3 2022: NB plc approves N3.29bn dividend for shareholders, as revenues grow by 27% for the nine months ended 30th September 2022 | TheCable
In a statement signed by the Company Secretary/Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku, revenue growth in the quarter driven by pricing was however offset by higher input cost arising from increased rate of inflation and higher energy costs.
Apart from volume and cost challenges which affected business performance negatively in Q3,2022, there was increased pressure on consumer disposable income as well as heavy rains and flooding. Nevertheless, the Company performed relatively well in the period led by strong premium portfolio of Heineken®, Tiger and Desperados.
While being cautious about the development of input costs and consumer demand in the remaining period of 2022, the statement assured stakeholders that the Company is well positioned to take advantage of any upswing in the market and maintain its leadership position.A member of the HEINEKEN Group, Nigerian Breweries Plc is Nigeria’s pioneer and largest brewing company.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Telcos earn N1.92tn from calls, dataMTN and Airtel made N1.92tn from calls and data between January and September, 2022.
Read more »
Q3 2022: NB Plc approves N3.29b dividend for shareholders, as revenues grow by 27% for the 9 months ended 30 Sept 2022Analysis of the results revealed that cost of sales rose significantly by 20.2% from N198.75 billion in 2021 to N238.92 billion during the period under review in 2022.
Read more »
Propak West Africa announces programme for 2022 exhibition | The Guardian Nigeria News - Nigeria and World NewsOrganisers of Propak West Africa have released programme for the 11th edition of the conference endorsed by Industrial Development Department of the Federal Ministry of Trade and Investment.
Read more »
7 Exciting African Artists To Watch Out For At ART X Lagos 2022Art X Lagos, West Africa’s biggest international art fair, is back with both physical and digital events. The first-of-its-kind event celebrates artistic excellence from Africa and the diaspora with dynamic art experiences, Art X Talks, and Art X Live!
Read more »
World Cup 2022: Haaland names African country that’ll do well in QatarManchester City striker, Erling Haaland, has backed Senegal to do well at the 2022 FIFA World Cup. According to Haaland, Senegal are the best African
Read more »