Tag
HEINEKEN
Heineken has withdrawn its staff and suspended operations in key cities in eastern Democratic Republic of Congo (DRC)...
Beer maker Heineken has reported declines in volumes in Nigeria and South Africa in its third-quarter report and projections for 2024.
Charlene de Carvalho, one of the world's wealthiest women and the largest shareholder in Heineken, has experienced a significant decline in her net worth, losing $877 million based on the fall in demand for Heineken in Nigeria, Asia and other regions.
Bill Gates has acquired a minority stake in Heineken Holding NV, the majority shareholder of the world’s second-largest brewer.
Seating with a bottle of Heineken beer while watching a champion league match is a common sight in various football viewing centres across Africa.
Champion Breweries stocks are up by more than 58% in just six trading sessions amid expectations of MTO and by Heineken.
Heineken has spent N414.7 million to purchase additional units of NB since August.
The company has about 8 billion shares outstanding with Heineken as the majority shareholder.
These days, the story is somewhat underwhelming for Nigerian Breweries and every year it gets worse, as the brewery giant reported a profit after tax of N16 billion from revenue of about N323 billion only
Nigerian Breweries released its audited results for the 2019 financial year. As expected, there was a slight dip in both topline and bottom line.
Nigerian Breweries (NB) announced a 1.4% y/y decline in Net Revenue in H1 2019. Although we expect seasonality factors to pressure full year Revenue lower, annualised Revenue of N340.4bn came in ahead of our forecast of N332.0bn.
The plans to increase prices of its products was disclosed by the the top management of Nigerian Breweries Plc, the company that manufacturers and markets Heineken in Nigeria.