International Breweries Plc has disclosed its financial statement for the full-year period ended December 31st, 2018. Here are highlights of the results.
Revenue: Revenue increased from N36.52 billion in 2017 to NN120.61 billion in 2018, representing a 230.18% jump.
Gross Profit: Gross profit increased from N13.7 billion in 2017 to N47.34 billion in 2018, marking a 245.35% increase.
[READ MORE: International Breweries Plc appoints new Director]
Loss before tax: The company’s loss before tax increased to N8 billion in 2018 from the N3.23 billion that was recorded in 2017. This represents a 148.9%.
Loss after tax: This stood at N3.86 billion, indicating 177.1% higher than the profit after tax the company realised in the same period in 2017.
[READ MORE: Airtel Africa joins the league of worst debuting stocks in Europe this year]
Loss per share: Basic and diluted loss per share stood at N0.45 in 2018. This is also higher than its earning per share in 2017 which was N0.16.
Current share price: International Breweries Plc is currently traded at N18.30 on the floor of the Nigerian Stock Exchange (NSE).
