• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

International Breweries half-year deficit up by 140%

Fakoyejo Olalekan by Fakoyejo Olalekan
July 31, 2019
in Business News, Company News, Corporate Press Releases
International Breweries financial statement, International Breweries revenue, International Breweries on Nigerian Stock Exchange, International Breweries shares, International Breweries Plc

International Breweries

Share on FacebookShare on TwitterShare on Linkedin

The Half-Year 2019 financial statement of International Breweries Plc has revealed a surge in the company’s Loss After Tax which increased by 140.36% to N6.841 billion at the end of June this year, up from the N2.846 billion declared in the same period the year before.

These details and other information are disclosed in the unaudited financial statements of International Breweries as published on the website of the Nigerian Stock Exchange (NSE) on Wednesday.

[READ ALSO: As economy bites, companies use ‘shrinkflation’ to rip off Nigerians]

RelatedStories

Despite intensive advertising, International Breweries reported lower revenue and a loss 

Despite intensive advertising, International Breweries reported lower revenue and a loss

February 19, 2020

Ironically, the company’s revenue appreciated by 29.22% from the N53.110 billion in June 2018 to N68.631 billion posted in the same period in 2019. Despite the improvement in the company’s turnover, other Key Performance Indicators (KPIs) followed the same negative trend.

International Breweries financial statement, International Breweries revenue, International Breweries on Nigerian Stock Exchange, International Breweries shares, International Breweries' loss before tax increases by 148% in FY 2018
International Breweries

The Half-Year 2019 financial statement showed that Loss Before Tax (LBT) climbed as well by an enormous 101% when compared with the corresponding period of 2018. The LBT increased by a margin of N5.283 billion from N5.243 billion to N10.536 billion at in June 2018 and June 2019 respectively.

The reasons for the loss: The steep decline in the bottom-line of International Breweries is due to three principal factors as the financial statement for the period under review disclosed.

  • First, the company’s Cost of Sales rose by as much as N13.239 billion between 2018 and 2019. By implication, its cost of doing business increased greatly between the two periods without impacting its bottom-line positively.
  • Similarly, Marketing and Promotion Expenses climbed up to N13.511 billion in June 2019,compared to the 2018 figure of N10.351 billion.
  • Finally, Administrative Expenses went up from N7.802 billion at HY2018 to N12.994 billion in 2019.

[READ ALSO: Renmoney’s CEO Bashoro quits, chairman steps down]

Loss Per Share closed at 80 kobo at the end of June 2019 up from 33 kobo in Y2018, indicating a 142% rise.

Note: International Breweries is a subsidiary of AB InBev, the world’s largest brewer. International Breweries currently trades on the floor of the NSE at N12.50 per share.


Follow us for Breaking News and Market Intelligence.
Tags: International Breweries financial statementInternational Breweries on Nigerian Stock ExchangeInternational Breweries revenueInternational Breweries shares
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

Related Posts

Despite intensive advertising, International Breweries reported lower revenue and a loss 
Company News

Despite intensive advertising, International Breweries reported lower revenue and a loss

February 19, 2020
Next Post
Presco financial statement, Presco shares on NSE

Presco's half-year revenue dips by 9.5%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Wedex 2025—One day, one house, one goal
  • Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 
  • Anambra Govt acquires land in Aguata, Orumba for new industrial city 

Follow us on social media:

Recent News

Wedex 2025—One day, one house, one goal

Wedex 2025—One day, one house, one goal

June 12, 2025
Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

June 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics