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Home Opinions Blurb

Revenues Help Push International Breweries Pre-tax Profits Up 15% To N2.8billion

Nairametrics by Nairametrics
January 30, 2014
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International Breweries 2013 9 Months International Breweries International Breweries Plc released its 2013 9 months to December results showing Revenues rose 30% to N13.5billion.Gross profit also rose 34% to N6.8billion. Operating profit also rose 60% to N3.6billion compared to N2.2billion the year before. Pre-tax profits was N2.8billion at the end of the period representing a 14.8% rise YoY. Key Highlights

  • This is the third straight quarter of profitability growth for the company
  • Gross profit margin increased to 50% compared to 49% a year earlier
  • Operating profit margin was also higher this year at 26.7%
  • This result was all about the 30% rise in revenue as the impact is felt all the way to bottom line

International Breweries released its 2013 9 months result in the website of the NSE

Tags: international breweries
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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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