Daily Archives: September 15, 2015

International Breweries (Q1) 2015 profit fall by 40.6%

International Breweries Plc products

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.