#BBB NEWS| Nigerian Breweries Reports 9% Profit Growth In 2017 1st Quarter

The Board of Directors of Nigerian Breweries Plc has declared a profit after tax of N11.44 billion for the first quarter of 2017. 

The unaudited and provisional results sent toThe Nigerian Stock Exchange shows that the amount represents a 9 per cent increase over the N10.45 billion recorded in the same period in 2016.

According to the results, the Company posted a revenue of N91.29 billion for the period, signifying an 18 per cent increase over the N77.55 billion achieved in 2016.

The results from operating activities improved by 7 per cent from N17.99 billion in the first quarter of 2016 to N19.20 billion in the corresponding period in 2017. Profit before tax grew by 16 per cent from N14.99 billion in 2016 to N17.43 billion in the current period.

#BBB NEWS| Goldberg Begins Expanded Music Talent Hunt, Calls for Audition

“Your Excellency”, Goldberg, has concluded plans for an expanded music talent hunt competition that would encompass Fuji and Juju music under the name Ariya Repete.

Over the last years, Goldberg has deepened its bond with the people of the South West with its talent hunt competition, Fuji t’o Bam and has now decided to include Juju music, the other indigenous Yoruba music genre in this new and expanded platform, Ariya Repete.

According to Emmanuel Agu, Portfolio Manager, Mainstream Lager and Stout brands, “the brand is using the new platform to extend its drive to discover new talents in the two indigenous Yoruba music genres and the move is in line with its commitment to promote the culture and tradition of the people of South West Nigeria. It is therefore calling on talented young men and women who aspire to become the future stars of Fuji and Juju to enter for the auditions.”