Breweries to contain new VAT regime on dwindling disposal income
More facts and figures deciphered from the last week publication of the Nigerian Breweries Plc fourth quarter results of 2019 and the 2019FY audited results have shown relative stress on financial performances within the period under review. However, industry observers…
NB’s 9M-19 results show positive impacts on EBIT by stronger gross margin
More details have emerged from the recently released nine month results (9M-19) of Nigerian Breweries Plc indicating that even though the EPS decline of 17.0% y/y, for the three months ended September (Q3-19), the company recorded a much lower loss…
Double digit inflation rate, herders/farmers killings pushing up OPEX—NBPlc
Managing Director and Chief Executive Officer, Nigerian Breweries Plc, Jordi Borrut Bel, has made case for the national economic management team to come up with strategies that will halt double digit inflationary regime, saying the trend is hitting hard on…
Insecurity across the North now hitting companies relying on agro products
Strong indications have emerged showing that the observed drops in corporate performance of leading conglomerates have been linked to rising banditry and momentary attacks on parts of the agrarian Northern Nigeria that produce their raw materials. Most hit in this…
NB Plc gives official position on NLRC cases, promos
Contrary to the earlier claims of the National Lottery Regulatory Commission (NLRC) that Nigerian Breweries Plc failed to regularise its promotional lotteries as required by law, the brewing giant has explained that no court order was shown by officials of…
Meet new Nigerian Breweries MD, Jordi Borrut Bel
Leading indigenous brewer, the Nigerian Breweries Plc, has appointed Mr. Jordi Borrut Bel as the company’s managing director/chief executive officer. The appointment is to take effect on January 22, 2018. A statement issued by the company showed that Borrut Bel…
