Revenues Help Push International Breweries Pre-tax Profits Up 15% To N2.8billion

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International Breweries 2013 9 Months International Breweries Plc released its 2013 9 months to December results showing Revenues rose 30% to N13.5billion.Gross profit also rose 34% to N6.8billion. Operating profit also rose 60% to N3.6billion compared to N2.2billion the year before. Pre-tax profits was N2.8billion at the end of the period representing a 14.8% rise YoY. Key Highlights

• This is the third straight quarter of profitability growth for the company
• Gross profit margin increased to 50% compared to 49% a year earlier
• Operating profit margin was also higher this year at 26.7%
• This result was all about the 30% rise in revenue as the impact is felt all the way to bottom line

International Breweries released its 2013 9 months result in the website of the NSE