Nigerian Breweries earns N7.6 billion profit in Q1

The largest producer of beer in Nigeria, Nigerian Breweries, has effortlessly secured the bag!

A photo of products of the Nigerian Breweries
Products of the Nigerian Breweries

The first-quarter financial report of the Nigerian Breweries has many in awe at how the organization has done in spite of the COVID-19 pandemic and lockdown.

Nigerian Breweries declared a whopping N7.6 billion net profit which translates to a 38% increase in sales. Many financial analysts are impressed seeing as the company declared a net profit of N5.5 billion last year.

Analysts are predicting that this might be the beginning of an immense rain of attention and funding from investors within and outside Nigeria for the Nigerian Breweries.