International Breweries’ loss before tax increases by 148% in FY 2018

International Breweries Plc, has disclosed its financial statement for the full-year period ended Dec 31st, 2018. Here are the highlights of the result

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International Breweries Plc has disclosed its financial statement for the full-year period ended December 31st, 2018. Here are highlights of the results.

Revenue: Revenue increased from N36.52 billion in 2017 to NN120.61 billion in 2018, representing a 230.18% jump.

Gross Profit: Gross profit increased from N13.7 billion in 2017 to N47.34 billion in 2018, marking a 245.35% increase.

Loss before tax: The company’s loss before tax increased to N8 billion in 2018 from the N3.23 billion that was recorded in 2017. This represents a 148.9%.

Loss after tax: This stood at N3.86 billion, indicating 177.1% higher than the profit after tax the company realised in the same period in 2017.

Loss per share: Basic and diluted loss per share stood at N0.45 in 2018. This is also higher than its earning per share in 2017 which was N0.16.

Current share price: International Breweries Plc is currently traded at N18.30 on the floor of the Nigerian Stock Exchange (NSE).

Download International Breweries Plc FY 2018 results