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Beta Glass ends year with higher sales and profit

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Beta Glass Plc reported higher sales and profit for the full year ended 31 December 2019.

The glass bottle maker said that sales grew by 12% to N29.4bn from N26.3bn in the previous year. Cost of sales rose by 9% to N22bn.

Selling and administrative expenses saw a modest increase of 19% and 5% respectively.

The firm said that it saw foreign exchange gain of 54% in the 12 months to N204m.

Net profit for the period grew by 9% to N5.5bn.

Beta Glass produces glass bottles for the beverage industry and others.

The post Beta Glass ends year with higher sales and profit appeared first on Beverage Industry News (NG).


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