Nigerian Breweries Plc reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NGN 124,382.02 million compared to NGN 119,364.35 million a year ago. Net loss was NGN 9,595.51 million compared to NGN 3,969.9 million a year ago. Basic loss per share from continuing operations was NGN 1.16 compared to NGN 0.392 a year ago. Diluted loss per share from continuing operations was NGN 1.16 compared to NGN 0.392 a year ago.
For the nine months, sales was NGN 401,801.3 million compared to NGN 393,449.15 million a year ago. Net loss was NGN 57,194.69 million compared to net income of NGN 14,750.67 million a year ago. Basic loss per share from continuing operations was NGN 6.89 compared to basic earnings per share from continuing operations of NGN 1.456 a year ago. Diluted loss per share from continuing operations was NGN 6.89 compared to diluted earnings per share from continuing operations of NGN 1.456 a year ago.