Nigerian Breweries Plc recorded significant growth in 2024, nearly doubling its turnover by 81% from N599.6 billion to N1.1 trillion.
According to its audited financial report for the year ended December 31, 2024, gross profit rose by 51% from N212.6 billion in 2023 to N320 billion in 2024. Operating profit also saw a substantial increase of 59%, rising from N44 billion to N70 billion.
Managing Director of Nigerian Breweries Plc, Mr. Hans Essaadi, attributed the impressive revenue growth to strategic pricing initiatives, market expansion, successful innovations, and operational efficiencies.