{"id":2574,"date":"2024-03-27T09:20:05","date_gmt":"2024-03-27T09:20:05","guid":{"rendered":"https:\/\/vetivaresearch.com\/?p=2574"},"modified":"2024-03-27T13:18:49","modified_gmt":"2024-03-27T13:18:49","slug":"nigerian-breweries-plc-fy23-earnings-price-increases-mask-volume-decline","status":"publish","type":"post","link":"https:\/\/vetivaresearch.com\/?p=2574","title":{"rendered":"NIGERIAN BREWERIES PLC FY&#8217;23 EARNINGS &#8211; Price increases mask volume decline"},"content":{"rendered":"<p>Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: \u20a625.64 Rating: SELL TL;DR Q4\u201923 revenue grows by 26% y\/y to \u20a6197.8 billion. Q4\u201923 net finance expenses jump 4.6x as FX losses and finance costs hit \u20a666.4 billion and \u20a617.5 billion respectively. Q4\u201923 loss came in at \u20a649.1 billion (Q4\u201922: \u20a61.6 billion loss). Robust revenue growth in a challenging&#8230; <\/p>\n<div class=\"pmpro_content_message\">For standard subscribers only.<br \/><a href=\"https:\/\/vetivaresearch.com\/?page_id=135\">Login<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analyst: Oluebube Nwosu* o.nwosu@vetiva.com Target price: \u20a625.64 Rating: SELL TL;DR Q4\u201923 revenue grows by 26% y\/y to \u20a6197.8 billion. Q4\u201923 net finance expenses jump 4.6x as FX losses and finance costs hit \u20a666.4 billion and \u20a617.5 billion respectively. Q4\u201923 loss came in at \u20a649.1 billion (Q4\u201922: \u20a61.6 billion loss). Robust revenue growth in a challenging... <\/p>\n<div class=\"pmpro_content_message\">For standard subscribers only.<br \/><a href=\"https:\/\/vetivaresearch.com\/?page_id=135\">Login<\/a><\/div>","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2574","post","type-post","status-publish","format-standard","hentry","category-uncategorized","pmpro-level-required","pmpro-level-1","pmpro-no-access"],"_links":{"self":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts\/2574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2574"}],"version-history":[{"count":5,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts\/2574\/revisions"}],"predecessor-version":[{"id":2600,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=\/wp\/v2\/posts\/2574\/revisions\/2600"}],"wp:attachment":[{"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vetivaresearch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}