Daily Archives: January 31, 2017

International Breweries narrows loss in Q3 as low FX liquidity linger

January 31, 2017   Editor   No comments

International Breweries Plc (“IB Plc”), the Ilesha-based brewer owned by Anheuser-Busch InBev (AB InBev) on Tuesday reported a net loss of –N473m in the first nine months of its financial year (Apr – Dec 2016), a much smaller loss when compared to the first quarter and half-year when it recorded an abysmal –N1.7bn and –N1.9bn loss respectively.

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Seven-Up losses grow despite sales growth

January 31, 2017   Editor   No comments

Seven-Up Bottling Company, bottlers of the famed Pepsi cola brand released its financial results on Tuesday for the nine-months  ending 31 December 2016.

The soft drinks maker reported a net loss of –N4.8bn for the period (Apr – Dec 2016) and -N2.9bn alone in Q3 (Oct – Dec). In the nine-months of 2015, it recorded N2.2bn in profit.

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