The recent announcement by International Breweries regarding a debt-to-equity conversion prompts a discerning question: is this move akin to a 'Greek Gift'?
Shareholders accepted and approved the $379.9 million convertible loan from AB InBev Nigeria Holdings BV for repaying a loan from Citibank Abu Dhabi
In the face of economic challenges, the consumer goods sector experienced bleak financial outcomes for the 2023 fiscal year. Despite the challenging financial performance in 2023, investors have maintained confidence in the stocks, as indicated by their YtD gains in Q1 2024.
The Board of International Breweries Plc (IBPlc) has announced the appointment of Mrs. Temitope Oguntokun to the Board as an Executive Director.
The brewer witnessed a decrease in market capitalization amounting to N19.878 billion by the end of trading on Friday, reducing its market valuation to N119.536 billion
International Breweries Plc secured approval for a $379.9 million shareholder loan from AB InBev Nigeria Holdings BV.
AB InBev's Nigerian subsidiary, International Breweries, has amassed losses exceeding N200 billion over a span of seven years.
Shareholders of International Breweries have approved the company’s quest to raise additional equity capital through a rights issue to existing shareholders.
International Breweries Plc reported a pre-tax loss of N2.07 billion in Q3 2023, representing a 55.66% year-on-year growth from the N4.67 billion pre-tax loss recorded in the corresponding quarter in 2022.
International Breweries Plc has recorded double-digit revenue growth for the full year ended December 31, 2022.
The company has reported losses every year since 2018 accumulating a total loss of N36.6 billion as captured in the company’s balance sheet.
This ranking only considered manufacturing companies that have released their Q2 2022 financial results and have a uniform financial calendar year
