Nigerian Breweries Plc 2016 Financial Update

Nigerian Breweries Plc sold more than   =N= 248,399,855,000 worth of beer in the last quarter of 2016 to close the year on a remarkable note. Find below the snap shot of the result: 12 Months Report NIGERIAN BREWERIES PLC
	2016 N'000	2015 N'000	change	Year End
Revenue	313,743,147	293,905,792	7%	December
Profit before taxation	39,622,914	54,508,368	-27%
Profit for the period	28,396,777	38,049,518	-25%
Issued Shares (Units)	7,929,100,888	7,929,100,888
Basic Earnings Per Shares (Kobo)	358.00	482.00	-26%
Last total dividend paid (Kobo)	3.28	4.60	-29%

The Quarter on Quarter Performance of NB PLC 2016.

Revenue

Q1  =N=77,554,948,000 

Q2 =N=2,263,700,000

Q3 =N=(14,475,356,000)

Q4 =N=248,399,855,000

PAT

Q1  =N=10,454,510,000 

Q2 =N=(1,873,710.000)

Q3 =N=(7,567,328,000)

Q4 =N=27,351,874,000

The quarter on quarter performance was not consistent and it shows that the brewery sector really struggled through 2016. Although it shows the regular pattern that reflect December as the biggest month due to the festivity around that period.

This sector performance is tied to the economy and hopeful we hope the economy turn around so that 2017 would be better for all of them. 

The Market would react to the =N=2.58k declared by the company and price it appropriately. With a dividend yield of  1.90% left much to be desire.