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Top News In Champion Brewerie Today - Breaking & Trending Today

Champion Breweries Plc appoints Dr Inalegwu Adoga as MD/CEO

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Rising costs, low purchasing power buffet brewing industry

Rising costs, low purchasing power buffet brewing industry
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Champion Breweries' market capitalisation rises to N32.9bn

The market capitalisation of Champion Breweries increased to N32.9bn in the 2022 financial year, as the company’s operating profit grew to N2.3bn during the same period. ....

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Nigerian Breweries annual profit leaps 72% as sales hit all-time high

The beer maker records sales of N437 billion. ....

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Champion Breweries 2020 profit shrinks after 581% surge in tax spend


Champion Breweries 2020 profit shrinks after 581% surge in tax spend
At N418.163 million, profit before tax more than doubled the figure for 2019, which stood at N206.578 million.
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Heineken-backed Champion Breweries’ net income for 2020 narrowed by N9.72 million or 5.8 per cent as the burden of accumulated income tax weighed on the company’s profit.
Income tax expense rose nearly six times what it was in the preceding year, as it leapt from N38.070 million to N259.370 million, with deferred tax from past financial years making up N208.386 million of that sum.
Data from
Champion Breweries annual report showed gross sales at N7.052 billion, translating to a 1.8 per cent jump over the N6.927 billion posted in the corresponding period of 2019. ....

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