International Breweries recorded a 41% drop in profits in 2015Q1 compared with its preceding year, According to its results profit after tax dropped from N708million to N420million. See summary of result below…
International Breweries Q1 2015 | 2015 | 2014 | |
N’m | N’m | ||
Revenue | 5,224 | 5,211 | 0.25% |
Gross Profit | 2,606 | 2,676 | -3% |
Operating Expenses | -1,615 | -1,379 | 17% |
Pre-tax Profit | 618 | 1,041 | -41% |
Profit After Tax | 420 | 708 | -41% |
Current Share Price | 18.24 |