trending Market Intelligence /marketintelligence/en/news-insights/trending/9ljRk30E0DiPm_fRP3B0eg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Nigerian Breweries Q4 profit falls 29.9% YOY

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

Trade Payment Risk Is Not Necessarily Default Risk

China COVID-19 Trends In TV, Video

Fund Financing Through a Credit Lens Understanding the Basics of Alternative Investment Funds AIFs

Nigerian Breweries Q4 profit falls 29.9% YOY

Nigerian Breweries PLC said its fourth-quarter normalized net income amounted to 94 kobo per share, compared with the S&P Capital IQ consensus estimate of 83 kobo per share.

EPS fell 30.9% year over year from 1.36 nairas.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 7.42 billion nairas, a decline of 29.9% from 10.59 billion nairas in the prior-year period.

The normalized profit margin dropped to 8.2% from 13.4% in the year-earlier period.

Total revenue climbed 15.2% year over year to 91.03 billion nairas from 78.99 billion nairas, and total operating expenses rose 27.8% on an annual basis to 76.42 billion nairas from 59.81 billion nairas.

Reported net income decreased 30.8% from the prior-year period to 8.25 billion nairas, or 1.04 nairas per share, from 11.91 billion nairas, or 1.52 nairas per share.

For the year, the company's normalized net income totaled 3.13 nairas per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3.45 nairas.

EPS declined 27.5% from 4.31 nairas in the prior year.

Normalized net income was 24.79 billion nairas, a decline of 27.2% from 34.07 billion nairas in the prior year.

Full-year total revenue increased 6.7% on an annual basis to 313.74 billion nairas from 293.91 billion nairas, and total operating expenses rose 12.5% on an annual basis to 262.19 billion nairas from 233.04 billion nairas.

The company said reported net income declined 25.5% on an annual basis to 28.39 billion nairas, or 3.58 nairas per share, in the full year, from 38.08 billion nairas, or 4.82 nairas per share.

As of Feb. 20, US$1 was equivalent to 314.75 nairas.