Culled—Proshare April 21, 2017/FBNQuest Research Event: Nigerian Breweries reports Q1 2017 results Implications: Upward revisions to consensus 2017 PBT forecast expected Positives: Sales and PBT grew by 18% y/y and 16% y/y respectively Negatives: Limited; gross margin shrunk by -364bps y/y to 44.4% Late yesterday Nigerian Breweries (NB) published its […]

April 21, 2017/Nigerian Breweries Plc The Board of Directors of Nigerian Breweries Plc has declared a profit after tax of N11. 44 billion for the first quarter of 2017. The unaudited and provisional results sent to The Nigerian Stock Exchange shows that the amount represents a 9 per cent increase […]

April 21, 2017/InvestmentOne Research Nigerian Breweries Plc  released its Q1 2017  late yesterday. Please find key highlights below: ·         Revenue of N91.29bn; up +0.29% q/q;  +17.71% y/y ·         Profit before tax of N17.44bn  up +46.82% q/q; +16.20% y/y ·         Profit after tax of N11.45bn; up +37.85% q/q; +9.51% y/y Please […]