NIGERIA: Heineken's African subsidiary post highest profits ever
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.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- just The Preview - Diageo's FY preliminaries
- Analysis - SABMiller's Australian issues continue
- Comment - Beer - What’s in a (Brand) Name?
- just The Preview - Anheuser-Busch InBev's H1 & Q2
- NPD: Alcohol Beverage “Mash-Ups” Fuel Innovation
- ASA bans Jägermeister TV ad
- Diageo silent over Shuijingfang writedown report
- Diageo boosts exec committee
- Britvic promotes GB marketing head to global post
- Molson Coors CEO to retire