Tag Archives: International Breweries Plc

FX woes push International Breweries to first quarter loss

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International Breweries Plc on Thursday reported a net loss of N1.7bn for the first quarter of 2016/2017 fiscal year, a drop from last year when the brewer recorded N421m in profit.

Expanded capacity and enhanced market execution helped lift sales for International Breweries in fourth quarter

International Breweries, the Ilesha-based brewer owned by SABMiller, said on Tuesday that its revenue for the quarter ending March 31 2016 rose 13% to N23.3bn, from N20.6bn for the same period in the previous year.

International Breweries posts 18% net profit in nine months

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International Breweries Plc, a SABMiller subsidiary has released its most recent financial results for the nine months ended 31 December 2015. It showed the brewer’s net profit rose 18% to N1.7bn, from N1.4bn recorded in the same period one year ago.

Pretax profit also rose by 7% to N2.4b, from N2.2bn in the same period in 2014.

The company also saw a top line growth of 7.49% to N16.4bn, from N15.3bn in the same period under review.

International Breweries reports a 48% profit decline in six months

International Breweries Plc, the Ilesha based brewer acquired by SABMiller in 2012, reported a 48 percent drop in net profit in the six months ended 30th September 2015, to N705 million, from N1.36bn recorded in the same period a year ago. Pretax profit also fell by 50 percent to N1bn, from N2bn in the same period in 2014.

The company saw a slight rise of less than 1-percent in revenue to N10.1bn, from N10bn in the prior year.

International Breweries (Q1) 2015 profit fall by 40.6%

International Breweries Plc, the Ilesha based brewer acquired by SABMiller in 2012 saw its first quarter (Q1) net profit for the period ended June 30, 2015 fall by 40.6 percent to N420.80 million, from N708.21 million recorded in 2014.

However, revenue for the company climbed to N5.22 billion, from N5.21 billion for the period in 2014.

The results also showed skyrocketing operating expenses and finance costs.