Nigeria: Nigerian Breweries’ profit after tax rises by 41,6%
Nigerian Breweries Plc has raised its profit after Tax (PAT) by N2.5 billion from N6 billion in the comparable period of 2005 to N8.5 billion for the third quarter ended 30th September 2006, representing 41.6 per cent increase, according to Rivers State Newspaper of November, 29.
The Nigerian Stock Exchange (NSE) Company news for last week also reveals on unaudited results of the company which shows a turnover of N61.54 billion higher than the N58.5 billion in 2005, representing an increase of 5.2 per cent.
The company scored high on the breweries subsector chart of the Exchange to emerge number one as it traded 7.4 million units of shares valued at N263.5 million in 1,187 deals, followed by Guinness Nigeria Plc with 3.06 million units of shares valued at N301.05 million in 516 deals.
The breweries subsector only had Guinness Nigeria Plc and Nigerian Breweries Plc traded on its subsector to contribute to the subsector total of 10.45 million units of shares valued at N564.6 million in 1,703 deals.
Union Dicon Salt Plc took the second leadership of the Food/Beverages & Tobacco subsector chart of the Exchange as it recorded 3.24 million units of shares valued at N58.5 million in 257 deals, even as Flourmills Nigeria Plc leads the subsector chart with 3.97 million units of shares valued at N241.51 million in 502 deals.
Nigerian Bottling Company Plc emerged number three on the chart with 1.2 million units of shares valued at N45.7 million in 273 deals.
The other stocks that made up the Food/Beverages & Tobacco subsector chart includes; P. S. Mandrides & Company Plc, National Salt Company Nigeria Plc, Northern Nigeria Flourmills Plc, Cadbury Nigeria Plc, 7 – Up Bottling Company Plc, Nestle Nigeria Plc, which contributed to the subsector total of 9.42 million units of shares valued at N440.7 million in 1,497 deals.
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