Despite intensive advertising, International Breweries reported lower revenue and a loss
Despite aggressive marketing and advertising strategies in 2019, International Breweries Plc reported a drop in revenue and a loss.
Tag: international breweries
News and analysis about international breweries
International Breweries: Poor Q4 caps unimpressive year as losses pile
International Breweries recorded a 9.7% y/y increase in Revenue to N132.4 billion in FY 2019 from N120.6 billion in FY ...
Belgium’s AB InBev to invest N123 billion in International Breweries
Nigeria’s International Breweries will secure about N123 billion investment from Belgian company, AB InBev (Anheuser-Busch InBev).
Quick Take: Poor performance extends into Q3
International Breweries (IntBrew) reported a 16.7% y/y growth in Net Revenue to N97.3 billion in 9M 2019 from N83.3 billion ...
NB, IB, Champion Breweries lament over N35.8 billion excise duty
Nigerian Breweries Plc, International Breweries, and Champion Breweries have decried the N35.8 billion spent as excise duties in the country, calling the Federal Government to slash the ...
Why Guinness is a stock to pick – RenCap
Rencap indicates Guinness Nigeria Plc remains a major top pick in the brewery segment of the Nigerian Stock Exchange.
NSE closes in positive territory for the second time this week
The Nigerian Stock Exchange (NSE) ended Tuesday’s trading session in positive territory. The All-Share Index closed at 27,586.79 basis points, up ...
Better than expected, but long term pressure points remain
Nigerian Breweries (NB) announced a 1.4% y/y decline in Net Revenue in H1 2019. Although we expect seasonality factors to ...
Investors in Budweiser’s International Breweries wail as N163 billion is wiped out of market value.
About 20 months ago, January to be precise, if you were to buy an International Brewery Stock, you would have to part with about ...
International Breweries appoints a new Non-Executive Director
International Breweries Plc has announced the appointment of Olutoyin Modupe Odulate as its Non-Executive Director.
