Champions Breweries Suffers N823.8m Loss As Brewer Runs Into Negative Working Capital

Champions Breweries Plc sustained the losing streak posted in first quarter of last year with a fresh N823.8m operating loss incurred between January and February 2024.

The company which is famous for its beer brand, Champion Beer and Champ Malt saw revenue growth of N4.5bn compared to the N2.6bn recorded in Q1 last year, in a sign of confidence that consumers are back to its products.