WorldStage Newsonline– Champion Breweries Plc, the brewer and marketer of Champion lager beer and Champ Malta has submitted its unaudited condensed interim financial statements for the six months ended 30th June, 2020 to the Nigerian Stock Exchange (NSE) with a revenue of N1.427 billion in the first three months of 2020, down from N1.626 during the same period in 2019.
The brewer recorded loss after tax of N18.288 million during the Q1 as against a profit of N99.110 million in Q1 2019.
The basic and diluted loss per share was 0.23 kobo down from 1.27 kobo gain in 2019.
However, the company which also provides contract brewing and packaging services to Nigerian Breweries Plc, a related party within the Heineken group witnessed major recovery in its finances in the first half of the year ended 30th June, 2020 with profit after tax of N120 million, down from N209 million in H1 2019.
