Nigerian Breweries Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 123,313.95 million compared to NGN 137,771.64 million a year ago. Net loss was NGN 10,715.2 million compared to net income of NGN 13,611.76 million a year ago.

Basic loss per share from continuing operations was NGN 1.29 compared to basic earnings per share from continuing operations of NGN 1.352 a year ago. Diluted loss per share from continuing operations was NGN 1.29 compared to diluted earnings per share from continuing operations of NGN 1.352 a year ago.