International Breweries (Q1) 2015 profit fall by 40.6%
International Breweries Plc, the Ilesha based brewer acquired by SABMiller in 2012 saw its first quarter (Q1) net profit for the period ended June 30, 2015 fall by 40.6 percent to N420.80 million, from...
View ArticleInternational Breweries reports a 48% profit decline in six months
International Breweries Plc, the Ilesha based brewer acquired by SABMiller in 2012, reported a 48 percent drop in net profit in the six months ended 30th September 2015, to N705 million, from N1.36bn...
View ArticleInternational Breweries posts 18% net profit in nine months
International Breweries Plc, a SABMiller subsidiary has released its most recent financial results for the nine months ended 31 December 2015. It showed the brewer’s net profit rose 18% to N1.7bn, from...
View ArticleExpanded capacity and enhanced market execution helped lift sales for...
International Breweries, the Ilesha-based brewer owned by SABMiller, said on Tuesday that its revenue for the quarter ending March 31 2016 rose 13% to N23.3bn, from N20.6bn for the same period in the...
View ArticleFX woes push International Breweries to first quarter loss
International Breweries Plc on Thursday reported a net loss of N1.7bn for the first quarter of 2016/2017 fiscal year, a drop from last year when the brewer recorded N421m in profit. The brewer of...
View ArticleInternational Breweries losses grow as naira weakness persists
Naira weakness due to ongoing currency devaluation continues to hamper the performance of Nigerian manufacturers. International Breweries Plc, the brewer formerly owned by SABMiller Plc reported a net...
View ArticleFourth Quarter will be just as tough for Nigerian Consumer Firms – Analysts
Some of Nigeria’s biggest companies suffered losses in the third quarter as the naira continued to depreciate against major world currencies and with inflation spiking to 18.3% as of October, amid a...
View ArticleInternational Breweries narrows loss in Q3 as low FX liquidity linger
International Breweries Plc (“IB Plc”), the Ilesha-based brewer owned by Anheuser-Busch InBev (AB InBev) on Tuesday reported a net loss of –N473m in the first nine months of its financial year (Apr –...
View ArticleInternational Breweries appoints new Board Chairman, COO
International Breweries Plc, the Ilesha-based brewer owned by AB InBev has named Mr. Sunday Akintoye Omole as its new Board Chairman effective 22 March, 2017. Mr. Omole takes over from the erstwhile...
View ArticleAnheuser-Busch InBev moves to merge its breweries in Nigeria
Anheuser-Busch InBev (AB InBev), the world’s largest brewer took steps on Tuesday to consolidate its operations in Nigeria. International Breweries Plc, a subsidiary of the Belgian brewer announced on...
View ArticleInternational Breweries regains profitability at Year-end as revenue surges 41%
International Breweries Plc, said on Friday that year-end results for the 2016/2017 financial year ending on 31st March 2017 showed a 41% growth in revenue to N32.7bn, up from N23.3bn in the previous...
View ArticleFirst Quarter profit fall at International Breweries as input costs rise
International Breweries Plc reported a profit decline of 18% for the first quarter of 2017/2018 financial year despite seeing a record 37% surge in sales to N9.4bn, from N6.9bn. The company which makes...
View ArticleAB InBev gets nod to merge its Nigerian breweries
International Breweries Plc (“IBPlc”), the Ilesha-based brewer owned by Anheuser-Busch InBev (AB InBev) announced on Tuesday it has received regulatory approvals from the Nigerian Securities and...
View ArticleInternational Breweries to change its financial Year-end to December
International Breweries Plc (“IBPlc”) announced on Wednesday that it would be changing its financial year-end from 31 March to 31 December of every year. In a statement released to the Nigerian Stock...
View ArticleAB InBev to increase equity stake in Nigerian operation post-merger
Anheuser-Busch InBev, the Belgian brewer which controls three independently operated breweries in Nigeria will increase its majority equity stake in International Breweries Plc (“IBPlc”) to 75.1%...
View ArticleIBPlc Foundation calls on S’West indegenous Entrepreneurs to apply for its...
International Breweries Plc Foundation has called on indigenous entrepreneurs, who are solving some of the social problems facing the South-West region of the country, to apply for its ‘KickStart’...
View ArticleInternational Breweries merger moves a step closer to completion, gets...
International Breweries Plc (“IBPlc”), said on Thursday that its shareholders and the shareholders of Intafact Beverages Limited and Pabod Breweries Limited (the “merging entities”) have approved the...
View ArticleInternational Breweries narrows loss in half-year
Ilesha-based International Breweries Plc said its losses in the first-half of the year (Apr – Sept) narrowed to N52m, from ₦1.9bn in the previous year. The brewer blamed the loss on unrealized foreign...
View ArticleAB InBev restates commitment to Nigeria as it confirms construction of a new...
Global beer behemoth Anheuser-Busch InBev has said it is committed to a long-term investment in Nigeria. This was as the firm announced in a press conference in Lagos on Wednesday, the construction of...
View ArticleNigerian Breweries mulls major changes to its Board as beer war looms
Nigerian Breweries Plc has scheduled a meeting for Friday, 8th December to consider making major changes to the composition of its Board of Directors. In a letter sent to the Nigerian Stock Exchange...
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