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2003
MID-YEAR RESULTS
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The
Directors of Nigerian Breweries PLC announce the following Unaudited
Provisional Results for the Half-Year ended 30th June, 2003:-
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June 2003 |
% |
June 2002 |
June 2002 |
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N'000 |
Change |
N'000 |
N'000 |
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**Restated |
(As previously
reported) |
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Turnover
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22,205,782 |
21 |
18,282,648 |
18,282,648 |
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Operating
Profit
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7,873,573 |
29 |
6,102,348 |
6,102,348 |
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Interest
Income/(Expenses)
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(1,060,185) |
(32) |
(804,893) |
(1,554,893) |
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Profit
Before Taxation
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6,813,393 |
29 |
5,297,455 |
4,547,455 |
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Taxation
(Estimated)
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(1,703,348) |
29 |
(1,136,864) |
(1,136,864) |
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Profit
After Taxation
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5,110,045 |
29 |
3,973,901 |
3,410,591 |
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**June
2002 figures have been restated to take account of a change in accounting
policy for interest which was included in the accounts for the full year
2002.
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As
a result of our massive investment in the expansion and modernization of
our breweries coupled with trade restructuring which we embarked upon in
the last few years, our business has continued to grow and record improved
performance.
Turnover and profits have increased significantly in the first half of
2003 compared to the corresponding period of last year.
We expect the second half result to be in line with that of the first half
and thus year 2003 would be better than year 2002 provided there are no
major disruptions to our operating environment
BY
ORDER OF THE BOARD
COMPANY
SECRETARY/LEGAL ADVISER
25th
September, 2003
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News
Feature |
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Diamonds win Star Quest 2008
Diamonds, the music band led by Anthony Iwediunor last Saturday emerged winners of the 2008 edition of Star Quest, the music talent hunt reality television show sponsored by Star lager. At the explosive finals of the four week old competition which took place at the EXPO hall in Lagos, the band was |
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