Nigeria: 2013 pre-tax profit up 12% yoy for Nigerian Breweries

Nigerian Breweries (NB) said on February 14 its 2013 pre-tax profit rose to 62.24 billion naira ($380.8 mln), up 12 percent year-on-year.

Gross revenue at NB, the local business of Dutch brewer Heineken, grew to 268.61 billion naira during the period to December 31, against 252.67 billion naira a year ago, it said in a filing with the Nigerian Stock Exchange.

NB proposed to pay 4.50 naira dividend. ($1 = 163.45 naira)

14 February, 2014