International Breweries Plc reports a loss of N12.4 billion in FY 2020.

International Breweries Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N136.8 billion. (+3.4% YoY)
  • Cost of sales was N106.3 billion. (-0.8% YoY)
  • Gross profit was N30.47 billion. (+20.9% YoY)
  • Administrative expenses was N27.92 billion. (+6.7% YoY)
  • A loss after tax of N12.4 billion was reported for the year.
  • Loss per share of -47 kobo Vs -N1.16 YoY.
  • No dividend announcement was made.

See link to results.

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