By InvestAdvocate

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Lagos (INVESTADVOCATE)-Nigeria’s brewing giant, Nigerian Breweries Plc said on Monday its 2016 after-tax profit  for the full year ended December 31 2016 declined 25.37 percent to N28.4 billion from N38.0 billion recorded a year earlier.

Pretax profit for the review period also dipped 27.31 percent to N39.6 billion from N54.5 billion in the same period of 2015.

However, revenue of the brewer grew from N293.9 billion in 2015 end to N313.7 billion in the review period of 2016; indicating a growth of 6.75 percent, Nigerian Breweries said in a filing with the Nigerian Stock Exchange (NSE).

At the close of the session’s trading on the domestic bourse, shares of the company appreciated 4.18 percent to N115.00 from N119.81 traded the last session; gaining N4.81 per share.