A look at the second quarter (Q2 2021) financial performance of the top brewery giants- Nigerian Breweries Plc, International Breweries Plc and Guinness Plc has shown that the spill-over effect of the COVID-19 pandemic amplified the impacts of structural challenges besetting the industry’s operating environment which has left investors counting and lamenting their losses.
Before 2014, the major talking point on the industry’s operating environment was the increased attraction of global players such as Heineken and SAB-Miller, due to years of strong industry profitability performance.
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