
Corporate
Beta Glass Q3 Profit Signals Margin-Expansion Run
Beta Glass reports 11.7% revenue growth to N40.37bn for Q3 with gross profit up 21.3% to N15.18bn, confirming pricing power and cost pass-through in packaging.
Amaka Obi
3 results for “packaging”

Beta Glass reports 11.7% revenue growth to N40.37bn for Q3 with gross profit up 21.3% to N15.18bn, confirming pricing power and cost pass-through in packaging.

Beta Glass nine-month pre-tax profit slipped 6.4 percent to N37.64 billion as finance costs jumped 45 percent and FX losses offset double-digit operating profit growth.
The food and drug regulator seized fake packaging for alcoholic beverages across shops in Aba, stepping up enforcement against product adulteration.