In the third quarter of the 2021 financial year, the Nigerian Breweries Plc recorded a profit of ₦8.47bn up from ₦7.1bn the previous year.

A statement signed by Uaboi Agbebaku, the Company’s Secretary/Legal Director, showed that the company’s revenue increased from ₦234.02bn in 2020 to ₦309.22bn. Its cost of sale also rose by 37.9 per cent.

According to the statement, the company’s Board of Directors approved an interim dividend of ₦3.23bn payable to shareholders at 40 kobo each per ordinary share.

The company said it remained committed to its strategy to deliver improved growth as it continued to monitor the business environment and remain dynamic in its response to challenges confronting the business, as well as that of the economy, particularly in the face of the COVID-19 pandemic.

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