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Q3 2021: NB Plc Records N309.22billion Revenue, Declares N8.47b as Profit

Nigerian Breweries Plc, the foremost brewer and leading beverage company in Nigeria has announced its figures for the 3rd quarter of 2021, delivering   N309.22 billion in revenues for the third quarter of the 2021 financial year. The revenue represents an increase of 32.1% from N234.02billion recorded in the corresponding period in 2020.

Further breakdown of the audited result showed that profit for the company in the third quarter of the financial year also grew from N7.1billion to 8.47billion, representing a 20.1% rise.

Cost of Sales rose significantly by 37.9% from N144.1Billion in 2020 to N198.74billion in the period under review in 2021, while Marketing, Distribution, and Administration Expenses also grew by 27,2% from N67.86Billion in 2020 to N86.32Billon in 2021.

The board of directors of the company has approved an interim dividend of N3.23billion payable to shareholders at 40kobo each per ordinary share of 40k.

A statement signed by the Company Secretary/Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku revealed that the company remains committed to its strategy to deliver improved growth as it continues 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 COVID-19 pandemic.

Agbebaku explained that the company would continue to deploy cost-efficient measures to keep the balance sheet strong and healthy while ensuring that the health, safety and welfare of its employees, customers and partners are protected.


Press contact:

Corporate Affairs Director

Sade Morgan

About Nigerian Breweries PLC:
A member of the HEINEKEN Group, Nigerian Breweries Plc is the pioneer and largest brewing company in Nigeria. Incorporated in 1946 as "Nigerian Brewery Limited", the company made history in June 1949 when the first bottle of STAR lager beer rolled out of its Lagos brewery bottling line. Today, it has a rich portfolio of 19 high-quality brands (such as Heineken, Desperados, Maltina, Life, Amstel Malta, Gulder, Fayrouz and Legend) produced from 9 breweries and 2 malting plants which are distributed nationwide. Nigerian Breweries is also a recipient of several awards and recognition in other areas of its operations including product quality, marketing excellence, productivity and innovation, health and safety, corporate social responsibility, and sustainability. To learn more, visit the Nigerian Breweries website:



Sade Morgan
Corporate Affairs Director



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