The Board of Directors of International Breweries Plc hereby announces the following Unaudited results for quarter ended 30 June, 2023
Statement of Profit or Loss and Other Comprehensive Income
Unaudited
Unaudited
3 Months
3 Months
Current Period
Prior Period
Apr - June
Apr - June
2023
2023
NGN'000
NGN'000
Revenue
61,732,286
53,881,983
Cost of Sales
(47,361,082)
(41,228,502)
Gross Profit
14,371,204
12,653,481
Other income/ (Loss)
(33,314,240)
1,714,590
Administrative, Marketing and promotion expenses
(12,719,067)
(12,617,187)
Net impairment charge on financial assets
(56,039)
(42,311)
Results from operating activities
(31,718,142)
1,708,574
Finance cost (net)
(5,597,243)
(1,740,640)
Profit / (Loss) before tax
(37,315,385)
(32,066)
Income tax credit/(charge)
16,028,112
(352,899)
Profit / (loss) for the period
(21,287,273)
(384,965)
Other comprehensive income/(loss), net of tax
(25,191,874)
5,771,022
Total comprehensive income / (loss) for the period
(46,479,147)
5,386,057
Basic Earnings per share (kobo)
(79)
(1)
Diluted Earnings per share (kobo)
(79)
(1)
Gross Margin %
23%
23%
BY ORDER OF THE BOARD
Marian Reginald-Ukwuoma
Ag. Company Secretary / General Counsel
FRC/2017/ICSAN/00000016798
Ikoyi, Nigeria
Registered in Nigeria RC No. 9632
Board of Directors: His Majesty Nnaemeka Alfred Achebe (Chairman), Akintoye Omole, Carlos Coutino - Managing Director (Guatemalan),
Andrew Whiting (British) Non-Executive Director, Olutoyin Odulate (Independent Non-Executive Director), Bruno Zambrano - Director (Colombian), Michael Ajukwu, Olugbenga Awonmolo, David Tomlinson - Executive Director (American), Richard Rivertt-Carnac(British), Tolulope Adedeji (Executive Director)
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Disclaimer
International Breweries plc published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 12:24:02 UTC.
International Breweries Plc specializes in producing and marketing beer. The group's activity is organized around 2 areas:
- sale of beer;
- production and sale of malted beverages and non-alcoholic beverages.
At the end of 2021, the Group had 4 breweries located in Nigeria.
Nigeria accounts for 99.97% of net sales.
INTERNATIONAL BREWERIES PLC 
