Nigerian Breweries, NB Plc has recorded revenue of N337 billion for the year ended December 2020, representing an increase of 4.3 per cent from N323 billion recorded in the corresponding period of 2019.

The company however recorded a 53 per cent fall in its profit after tax to N7.52 billion in 2020 from N16.1 billion in the corresponding period of 2019.

In the statement signed by the Company Secretary/Legal Director, Uaboi Agbebaku, the Board of Directors of NB commended the company’s management for its efforts in mitigating the impact of the COVID-19 pandemic on the business, as well as the prudent management of its resources as reflected in the reduction in expenses incurred on marketing, distribution, and administration.

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