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16.02.2007 Business & Finance

ABL records net profit in 3rd quarter

By (ghanaian-chronicle)

Accra Brewery Ltd (ABL) released its third quarter un-audited results ended 31 December, 2006.

ABL's revenue increased by 28.18% to ¢185,543 million over the same period last year. Cost of sales increased by 17.01% to ¢87,909 million resulting in a 40.38% increase in gross profit to ¢8,107 million.

ABL's miscellaneous income which increased from ¢60 million to ¢9,915 million contributed to the company recording a net profit of ¢3,366 million compared to a loss of ¢9,358 million recorded for the same period last year.