Champion Breweries records N2.3 billion profit in first half
Champion Breweries Plc has generated a profit of N2.3 billion for the first half of the year.
This represents a recovery from its N386.7 million loss within the same period under review in 2024, representing a 692 per cent year-on-year growth.
The beverage company announced this in a corporate disclosure through the Nigerian Exchange Limited.
The company’s revenue also witnessed an uptrend of N15.93 billion in the first half of 2025, compared to N9.54 billion posted in the same period of 2024.
Its gross profit grew from N3.7 billion in the first half of 2024 to N7.89 billion in the corresponding period of the year.
Additionally, the company’s earnings per share increased from a loss of 4.94k in 2024 to 25.57k in the year under review.
The total assets stood at N25.95 billion. Its gross margin soared to 49.5 per cent during the half-year, an increase from 39.1 per cent in the first half of 2024.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Gov. Uzodimma urges Imo youths to embrace skills development
He charged the youths to be positive change makers.
States
NSCDC boss lauds Oyo kidnap victims’ rescue team
He described the successful rescue mission as a clear demonstration of the strength of inter-agency collaboration and intelligence sharing.
Economy
Oilserv begins offshore pipeline installation for NLNG gas transmission expansion
The project forms part of the NLNG’s strategy to expand its gas transmission network.
States
Bauchi govt urges increased birth registration to protect children’s rights
She noted that reliable population data remains the foundation of effective governance.
Politics
Tinubu-Shettima ticket roadmap to APC’s victory in 2027: Zamfara Lawmaker
The lawmaker described it as a milestone toward the APC’s victory in the upcoming general elections.
States
Police arrest 14 suspected drug peddlers in Yobe
The suspects were arrested during an operation targeting criminal hideouts and drug joints.
