Q3 2024: Nigerian Breweries Plc records 74.9% growth in revenue
NB Plc’s gross profit increased by 36% while marketing, distribution, and administration expenses increased by 45%
NB Plc’s gross profit increased by 36% while marketing, distribution, and administration expenses increased by 45%
The company recorded 73% increase in revenue, 46% increase in Sales, distribution and administrative expenses driven by inflation.
Analysis of the results revealed that cost of sales rose significantly by 20.2% from N198.75 billion in 2021 to N238.92 ...
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