Alcoholic Beverages
Champion Breweries halfyear revenue and profit rise
Champion Breweries Plc on
Wednesday reported N79m net profit
for the first-half of 2016, a 441%
increase from last year when it earned
N15m.
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BRANDSPURNG.COM
Currency headwinds & noncore asset disposals weigh on
Gruppo Campari’s year results
Gruppo Campari said on Tuesday that
the combined effect of currency
headwinds, termination of distribution
agreements and sale of non-core
businesses led to decline in sales and
profit in the first-half of 2016.
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FX woes push International
Breweries to first quarter loss
International Breweries Plc on
reported a net loss of N1.7bn for the
first quarter of 2016/2017 fiscal year,
a drop from last year when the brewer
recorded N421m in profit. The brewer
of Trophy Lager, Castle Lager, Beta
Malt among others said that effects of
currency headwinds led to the loss.
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