Nigeria, April 10 -- Champion Breweries Plc has announced a revenue performance of N21 billion in 2024, indicating an increase of 64.5 per cent from the previous year.

The company's Managing Director, Inalegwu Adoga, disclosed this to reporters at Bae Arena, a relaxation centre in Uyo, Akwa Ibom State, on Monday.

Mr Adoga said the figure shows that the company's profit after tax increased by 121 per cent.

"Our shareholder equity almost increased by over N1bn. Our earnings per share increased from N5.10k to N9.00 to give you a sense of our financial performance. Last year was very good for us, and this has not happened before," said Mr Adoga, according to Punch newspaper's report.

He said the company is growing into a dominant force in...