₦airaland Forum

typically the company will strategise on cost saving especially overhead and employment .

Election have consequences.

Nigeria Breweries Plc reported an exchange rate loss of N70.6 billion for the second quarter of the year ended June 30th, 2023.

This is according to the information contained in its just published interim report for the first half of the year.

Key highlights 2023 Q2

Net revenue N154 billion +13% YoY
Gross Profit N68.4 billion +21.5% YoY
Operating profit N26.6 billion +119.7% YoY
Net Finance Cost N77 billion +970.8%
Pre-tax lossN50.2 billion
Gross margins 44.4% versus 41.3% YoY
Operating profit margins 17.3% versus 8.9% YoY
Working capital -N318.6 billion
Retained earnings N35.5 billion versus N80 billion (2023 Q1)
Loss Per Share N4.6
Insights: The losses were a result of the unification of the exchange rate which has led to forex losses upon the revaluation of its dollar-denominated loans.

The company reported a net loss on foreign exchange of N70.6 billion taking the year-to-date exchange rate loss to N85.2 billion.
The losses contributed to a massive N47.7 billion reduction in net assets.
Important to add that the losses did not impact cash as the company still has a healthy cash balance of N34.9 billion.
However, its negative working capital suggests it has to find money to repay its loans when they fall due within a year. It could also restructure the loans.
The current losses are likely to impact full-year profits considering that NB also reported a profit after tax of N13.1 billion last year (2022).
NB has so far reported back-to-back losses in the first two quarters of the year after reporting a loss before tax of N17.4 billion

https://nairametrics.com/2023/07/27/nigeria-breweries-incur-n70-6-billion-in-forex-losses/

after all the gra gra this is what the tinubu government came up as charge sheet.

Fsboperator2:
Only if it's the US.

Canada and UK nah scam.

Germany is cool but there is the German work ethics and OCD that will drive you mad.

Avoid EU entirely because like Canada and UK, it's a tax plantation.

Australia and New Zealand are fcked beyond repair.

Thank me later

Nigeria nko ?

Your skill set answers it all.

If you loose this remote job, will it be easy to get another ?
If you get another ,will you be paid the real worth of the job as a remote worker.

When you are good in IT, you are good and people will sort after you especially off remote .

It depends on your age , you can travel and continue your remote job while you get a better one there .

Mess

He waited until after the election , this is deliberate

Fugazy2023:
Even if they sell for N1000, I go still buy without complaining and I go double my hustle. I'm not a lazy complaining fool.
If una like no double your effort but dey complain everyday. When hunger finish you, you no go get energy complain again. Na beg u go dey beg

You are a selfish and lack of emphathy being

Productivity is been slaughtered


Shege

Libya is not an African country ?

https://www.globalpetrolprices.com/gasoline_prices/

naptu2:
https://punchng.com/breaking-gunmen-kill-imo-monarch/?amp

Igbos are not speaking out ,the elite and Kings are not speaking out ...bla bla bla bullshits.

Eze have spoken out but tinubu and apc government failed to protect him.

Tinubu have failed in his primary assignment

I hope its not vigilante that was killed

the name of the yoruba driver is lukman sani

looks like vigilante bullet.

UGM uses AK 47 .

Dear Igbos,

Don't let any Muntula gaslight you, your region remains the 2nd most peaceful of all the 6 zones . the same day 300 people were killed in plateau state was also the same day young children were flogged in Anambra, but guess what became more violent and concerning as reported ?- your region.

the only person that has the responsibility to protect lives and property in Nigeria is the president and his name is tinubu, failure to perform his duty should be on him alone, and that's why he was elected.

Tinubu should protect the people of south east , he is the CinC, I don't care how he does it. if he can't do his constitutional role, he should resign immediately.

the person saying leaders in Igboland should speak up should tell us where the dead bodies of those who have spoken up and have been killed because this useless APC government couldn't protect them after speaking up.the government have the constitutional authority to engage ekpa from Finland, why have they not acted ? are they working together to destroy igboland ?

Nice one.

but please can we also add "Sponsored post " to topics from oikirodah once (when)they hit Frontpage ?

this will help readers prepare their mind on the level of propaganda and lies that is about to hit them.

Oga Naptu2 , Good morning sir.

seunmsg:
Brilliant submission in all by Tinubu’s legal team. The petitioners watery case will be thrown out with heavy fine handed down for wasting the court’s time.

What did he say about tinubu drug forfeiture ?

He should be immediately reinstated

Nooo, We want to do isese ilorin .

i was praying for a reply to this , and it happened .

this health economist in abia state is too petty .

The hospital is standard.
Let her build her own .not sure she is a doctor

A yoruba judge prevented an igboman from wearing his traditional cloth even when he is yet to be convicted in dss custody.

Fuel jerican no get cover?

GanagiBitrus:
Nice pics.
I dislike this UFC sport. More bloody than Boxing.

UFC is the only true sport. Its hard to fix

Even when citizens that are against the UGM gives the apc government and tinubu benefits of doubt and come out ,they still kill them,only for their corpses to be laughed at.

FG have failed

Yorubanization.

5 for yoruba 1 for others .

I stand for road , the most car wey pass .

Tinubu Is a failure ,he is incharge of security and has failed .

Oyedele have long been positioning himself for appointment .
He appears in all radio and TV station praising the government.

Iamgrey5:
A committee of professors to investigate what IT experts can decode in few minutes.

wether fake or not is not the core issue .
the core issue is was it a mistake from jamb ,did mmesomma play any role in falsifying the result ?

the nation as source ?

If I have my way I will sue nairaland for this write up of defamation.
I won't bother suing this gorilla OP as a respondent .NL is notorious for allowing goats to use it's frontpage to push rubbish after collecting money