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[Corporate Action] Intl Breweries Records 7% Rise In Profits To N2.4 Billion

Naira
January 29, 2016

International Breweries Plc released its financial results for the perio ended 31st Dec 2015.

The result showed that revenue rose by 7.49% from N15.3 billion in 2014 to N16.4 billion in 2015, but increased its cost of sales by 4.5% from N7.8 billion to N8.1 billion in 2015.

Profit before tax declined by 5.3% from N3.4 billion in 2014 to N3.2 billion in 2015.

However Profit after tax increased by 7% from N2.2 billion in 2014 to N2.4 billion in 2015.

International Breweries share price was N15.78 as at press time.

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The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.

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