Champion Breweries Plc has announced a significant improvement in its financial performance for the year ended December 31, 2024, with a pre-tax profit of N1.2 billion, representing a 186.08% increase from N445.3 million in the previous year.
Key Point: The company's impressive profit growth was driven by a substantial increase in revenue, which rose by 64.44% to N20.8 billion, coupled with effective cost management and improved operational efficiency.
The company's financial highlights include:
- Revenue increase of 64.44% to N20.8 billion
- Gross profit growth of 71.96% to N8.7 billion
- Operating profit surge of 289.45% to N2.3 billion
- Pre-tax profit increase of 186.08% to N1.2 billion
- Post-tax profit growth of 120.47% to N816.9 million
Champion Breweries' total assets also increased to N21.3 billion, with non-current assets accounting for the largest share. The company's financial performance reflects its commitment to delivering value to its stakeholders and maintaining its position in the Nigerian brewing industry.
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