Prime Business AfricaBetween January 2 and June 19, shareholders of Beta Glass have seen the value of their investments grow threefold or 286.67 per cent, making the company one of the best-performing equities in the Nigerian stock market.
According to Prime Business Africa’s analysis, the increase in their investment value represents a combined gain of N111.62 billion in the last five months and three weeks.
Join our WhatsApp ChannelThe gain was driven by a bullish run, which has seen the company’s stock price rise by N186.05 year-to-date, from N64.90 kobo on January 2, to N250.95 kobo on June 18.
With the company’s shares being one of the most sought-after, Beta Glass’ market valuation has increased from N38.93 billion to N150.56 billion during the period under review, according to PBA’s analysis.
Beta Glass has enjoyed significant patronage in the equity market amid a period when the company is receiving huge demand for its products, which has led to 69 per cent increase in net sales in the first quarter (Q1) of 2025, as revenue grew to N41.16 billion, exceeding the N24.30 billion generated in Q1 last year.
Despite this, the glass container manufacturer recorded just 21.11 percent year-on-year increase in its cost of production, as it increased from N20.77 billion to N25.15 billion.
Demand for its products led to the company recording 597 percent growth in its operating profit, which reached N15.05 billion in Q1 of this year, surpassing the N2.15 billion recorded during the same period the previous year.
Also, operating margin rose to 36.6 percent in the first quarter of 2025, up from 8.9 per cent, although the company reported N94.22 million foreign exchange (FX) loss, compared to the N21.98 million FX loss of Q1 2024.
Despite the 328.64 percent increase in FX loss, Beta Glass still recorded a 639 percent year-on-year increase in profit before tax (PBT), which rose from N2.06 billion to N15.21 billion.
After accounting for income tax, Beta Glass, which produces 650 million bottles and jars each year, and has a client list that consists of Heineken, 33, Guinness, Orijin Bitters, Veleta, Amstel Malta, Trophy, Goldberg, and Venus, reported 309.76 per cent year-on-year increase from N2.43 billion to N9.99 billion.
According to Alexander Gendis, the chief executive officer (CEO) of Beta Glass, “The strong performance was driven by robust domestic demand, effective cost management, and operational efficiency.
“353% gross profit growth and 597% increase in operating profit reflect the disciplined execution of the Company’s growth strategies. We are proud of our Q1 performance, which reflects the strength of our customer relationships, operational excellence, and strategic investments in capacity and innovation. Our teams have worked tirelessly to deliver positive results amidst evolving market dynamics.”
Beta Glass said it remains optimistic about sustaining its growth trajectory, supported by robust demand across key sectors, strategic market expansion, and operational excellence.
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