ThisDay· 2h ago· 1 min read
Kayode Tokede
Champion Breweries Plc has announced a profit before tax of N2.28 billion for the half year ended June 30, 2026, about 34.13 per cent drop from N3.46 billion reported in the same period in 2025.
The results, which was released to the Nigerian Exchange Limited (NGX), showed that the declined in profitability came despite a strong revenue performance, as the benefit of higher sales was offset by increased cost pressures, particularly a sharp rise in finance costs, which climbed to N4.91 billion from N403.7 million in the prior-year.
The company declared N35.73 billion revenue in H1 2026, which is 124.25 per cent increase over N15.9 billion in H1 2025.
The increase in revenue translated into higher gross profit, which grew to N13.15 billion in H1 2026 from N8.25 billion in H1 2025, although cost pressures remained elevated.
Cost of sales increased faster than revenue,…
Continue reading at ThisDayDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
BBNaija Season 11 begins as organisers unveil housemates *Full list
15m ago
Read More$1 Trillion Economy: Education Minister Says Reforms Building Nigeria’s Future Workforce
19m ago
Read MoreOando Meets Power Minister, Lists Contributions of Its 480MW Okpai Plant
20m ago
Read MoreFG Vows to Sustain Investments in Youth Devt, Expansion of Economic Opportunities- Pleased with UNN for keying into Renewed Hope Agenda
22m ago
Read MoreBonga: Ex-NLNG CEO, Energy Analyst Differ on FG’s $11.5/Barrel Tax Credit for Shell
27m ago
Read MoreMichael Ugbewanko Joins Forbes Human Resources Council, Takes African Leadership Voice Global
27m ago
Read MoreLatest in Top Stories
Babcock Graduates 3,521, Produces 306 First Class Honours
ThisDay · 40m ago
Nigeria Targets Global Image Reset, Future Hosting Rights at World Social Forum
ThisDay · 1h ago
Ernst & Young to Host Webinar on FRC Draft Valuation Rules
ThisDay · 31m ago
Nigeria Reaffirms Commitment to Deepening Strategic Partnership with IMF
ThisDay · 33m ago
Okonjo-Iweala to Grace Nwabuikwu’s Book Presentation on Nigeria’s Evolution
ThisDay · 36m ago
At 68.2% YtD Gain in Dollar Terms, Nigerian Exchange Emerges Top in Africa
ThisDay · 38m ago
FG demands probe into Nigerian’s killing in S’African police operation
Punch · just now
FG expands nursing admissions to 50,000 amid health worker shortage
Punch · just now
Most Read Today
Super Falcons unveil new 10-star jersey before WAFCON 2026 opener
Legit.ng · 2d ago
Dyson V10 Konical Review (2026): Affordable and Solid
Wired · 4d ago
Gehgeh officially weds lover despite bad advice against marriage [VIDEO]
Daily Post · 18h ago
Pay raises keep shrinking. Here’s how much smaller they’ll be next year.
MarketWatch · 1d ago
See details for Kansas Athletics’ new-look Late Night in the Phog
Yahoo Sports · 2d ago
Nigerian soldiers should earn ₦250,000 monthly — Retired general
Punch · 18h ago
White House Rushes to Trump’s Defense After Alan Ritchson Torches President Over Epstein Files
Rolling Stone · 2d ago
Osun guber: Ekiti Accord candidate mobilises support for Adeleke
Nigerian Tribune · 4d ago