NIGERIA: Heineken's African subsidiary post highest profits ever

By just-drinks.com editorial team | 28 February 2002

Nigerian Breweries, the Heineken majority owned brewer, has announced its highest profits in its 56-year history today. Pre-tax profits jumped to 10 billion naira (US$86m), compared to 6.3 billion naira in 2000, according to Nigerian Stock Exchange (NSE) documents. The leap occurred despite the strict rules that gover alcohol consumption in the country. A third of the country now follows the strict Islamic sharia legal code, which prescribes 80 lashes for drinking alcohol.

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Nigerian Breweries, the Heineken majority owned brewer, has announced its highest profits in its 56-year history today. Pre-tax profits jumped to 10 billion naira (US$86m), compared to 6.3 billion naira in 2000, according to Nigerian Stock Exchange (NSE) documents. The leap occurred despite the strict rules that gover alcohol consumption in the country. A third of the country now follows the strict Islamic sharia legal code, which prescribes 80 lashes for drinking alcohol.

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