News

NIGERIA BEER CONSUMPTION AMOUNTS TO N599.11BILLION IN SIX MONTHS.


Nigerians consumed a whooping N599.11 billion worth of beer from January to June 2022, the first quarter results of four major brewers in the country have showed.
.
.
In the industry analysis of their revenue growth within January to June 2022, Prime Business Africa gathered Nigerian Breweries, Guinness Nigeria, International Breweries and Champion Brew generated a combined N599.11 billion.
.
.
The turnover grossed by the four largest brewer in the country grew 31.2%, when compared to the N456.44 billion they generated during the corresponding period in 2021, Vanguard reports.
.
.
While the net profit recorded by Nigerian Breweries, Guinness Nigeria, International Breweries and Champion Brew increased by 54.1%, as it rose to N36.14 billion in H1 this year, in contrast to the N23.44 billion reported in H1 2021.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s