Beta Glass reports N21 billion full-year pretax profit amid boom in glassware and bottle sales 

Beta Glass PLC has reported a full-year pre-tax profit of N21 billion in its latest financial report released on the Nigerian exchange, highlighting the company’s performance for 2024.

This figure represents a 122.89% increase compared to last year’s profit of N9.4 billion, while the fourth quarter pre-tax profit reached N8.6 billion, marking a significant 432.78% increase from N1.6 billion in Q4 2023.

In terms of revenue, the fourth quarter saw an increase of 116.04% year-over-year, totaling N37.8 billion, compared to N17.5 billion in the same quarter last year.

Overall, full-year revenue reached N117.5 billion, an 86.92% increase from N62.9 billion reported the previous year, with the revenue largely generated from sales of glassware and bottles.

Key highlights 

  • Revenue: N117.5 billion, +86.92% YoY
  • Cost of sales: N87.2 billion, +72.62% YoY
  • Gross profit: N30.3 billion, +145.22% YoY
  • Selling and distribution expenses: N339 million, +6.57% YoY
  • Administrative expenses: N5.6 billion,…
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Beta Glass reports N21 billion full-year pretax profit amid boom in glassware and bottle sales 

 

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