Champion Breweries, maker of Champ Beer and champ malt has released its full year financial report for 2016 which revealed a spectacular increase in revenue.
Net income rose with 203%, from N77m in the previous year (2015) to N530m in 2016 while the company witnessed a 10.37% revenue increase for the year to N3.9bn, from N3.5bn in 2015.
Administrative expenses fell 73% to N160m in the period under review while selling and distribution expenses rose 26% to N322m, from N256m in the previous year.
Champion Breweries is majorly owned by Raysun Nigeria Limited, a Heineken controlled company and manufactures Champion Lager beer and Champ Malta in Uyo, Akwa Ibom State. The products are marketed and distributed in the area and surrounding environs.
Comments are closed.