Nigerian Breweries Plc has released its audited Group financial statements for the financial year 2024, recording an unprecedented and impressive revenue of N1.1 trillion.

The company’s results for the year ended December 31, 2024, showed a revenue growth of 81 per cent on the N599.6 billion recorded in the corresponding period in 2023.

A further breakdown of the audited results revealed a significant 51 per cent growth in group gross profit from N212.6 billion in 2023 to N320 billion in 2024. The operating profit equally grew significantly by 59 per cent from N44 billion to N70 billion during the period in spite of the challenges of huge increase in input costs.

Speaking on the results, managing director/CEO, Nigerian Breweries, Hans Essaadi said the impressive year-on-year revenue growth was largely driven by strategic pricing initiatives, market expansion, successful innovations, and operational efficiencies.

https://leadership.ng/nb-revenue-hits-n1trn-returns-to-profitability-in-q4/