![[Corporate Action] International Breweries Records a 41% Drop In Profits 2015 Q1](https://nairametrics.com/wp-content/uploads/2015/08/images3P81X479.jpg)
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 |
