Champion Breweries Recorded 520% Increase In Post Tax Profit

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Champion Breweries Plc has released its FY 2021 results which revealed 520% growth in post-tax profit, from N159 million in the corresponding period of 2020, to N984 million in the current period.

Despite the inflation, Champion Breweries Plc was able to record ground-breaking sales. Hence, the fourth most capitalized brewery has benefitted from the persistent increase in the prices of commodities and services during the period.

The year in review witnessed double-digit food inflation, brought about by persistent increase in prices of goods and services, thereby resulting in inflationary pressures that affected both consumers and producers.

Champion Breweries’ grew its total assets to N13.49 billion, net assets rose by 15% to N9.22 billion. It has an Earnings per share of N0.13kobo from N0.02 kobo in 2020.

The company last traded at N2.23 per share and has declined by 5.11% from year-to-date. Click here to subscribe to Nairametrics Stock Select Newsletter.

–  Nairametrics

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