Nigerian Breweries Plc had sales of NGN 102bn for the 9 months ended September 30, 2008, a 32% increase. The company is benefiting from continued investments and improved operating efficiencies, resulting in an increase in operating profit of 45%.
Breweries make very interesting investments from a value perspective when the moat gets locked in and the operational efficiencies start hitting in terms of scale and marketing.
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1 comment:
Breweries make very interesting investments from a value perspective when the moat gets locked in and the operational efficiencies start hitting in terms of scale and marketing.
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