Nigeria: Nigerian Brewer expects drop in pre-tax profit, rise in turnover for Q1

Nigerian Breweries expects a slight drop in pre-tax profit to 11.7 billion naira in the first quarter but a rise in turnover, Reuters communicated on February, 17.

The company expects turnover of 40.8 billion naira for the first three months of the year compared to 40.4 billion a year ago.

The unit of Dutch brewing giant Heineken posted first-quarter pre-tax profit of 11.8 billion naira a year ago.

19 February, 2010