INTERNATIONAL BREWERIES PLC. (INTBREW) Stock

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Company Name: INTERNATIONAL BREWERIES PLC. (INTBREW)
Ticker: INTBREW
Market Classification: Main Board
Sector: CONSUMER GOODS
Sub Sector: Beverages--Brewers/Distillers
Nature of Business: Brewing, Packaging and Marketing of alcoholic and non-alcoholic beverages
Company Address: 22/36 Glover Road, Ikoyi-Lagos
Telephone: 08129130398
Fax:
Email: international.breweries@ng.sabmiller.com
Auditor: Baker Tilly Nigeria, PriceWaterCoopers
Registrar: Apel Capital Registrars Limited
Company Secretary: Mr. Muyiwa Ayojimi
Date Listed:
Date of Incorporation: December 22nd 1971
Website:
Board Of Directors:
Annabelle Degroot, His Majesty Afred Nnaemeka Achebe, Igwe Peter Anugwu, Mr. Akintoye Omole, Mr. Andrew Scott Murray, Mr. Folorunsho Awomolo, Mr. Godwin Oche, Mr. Michael Ajukwu, Mr. Michael Daramola, Mr. Phillip Redman, Mrs Afolake Lawal, Ms. Abiye Tobin-West, Zuber Momoniat

Trading Information
Trading Name: INTERNATIONAL BREWERIES PLC. (INTBREW)
Ticker Symbol: INTBREW
Sector: CONSUMER GOODS
Sub Sector: Beverages--Brewers/Distillers
Market Classification: Main Board
Market Cap (Mil.): 134,310,342,750.00
Shares Outstanding (Mil.): 26,862,068,550
 

Adewale Stock

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Apr 15, 2020
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Over THREE YEAR LOSS FOR INTERNATIONAL BREWERY AND FIRST QUARTER 2022 REPORT SHOWS GREAT RECOVERY.

International Breweries began the year 2021 also on the negative rout with a report of a loss after tax of N2.578 billion for the first quarter ended March 31, 2021, from a loss of N5.645 billion reported in 2020. Loss before tax stood at N2.561 billion for the Q1 as against loss of N7.694 billion posted in 2020. However, revenue grew by 10.17 per cent to N38.964 billion in 2021 from N35.348 billion recorded a year earlier while cost of sales stood at N32.478 billion from N29.175 billion in 2020. International Breweries reported a loss after tax of N13.887 billion for the half year ended June 30, 2021, from a loss of N9.357 billion reported in 2020. Loss before tax stood at N17.220 billion for the H1 as against loss of N11.982 billion posted in 2020. However, revenue grew by 35.22 per cent to N81.961 billion in 2021 from N60.614 billion recorded a year earlier while cost of sales stood at N66.542 billion from N51.075 billion in 2020. International Breweries sustained negative profile following a loss after tax of N13.520 billion for the nine months ended September 30, 2021, from a loss of N10.877 billion reported in 2020. Loss before tax was N17.509 billion for the nine months in contrast to a loss of N17.719 billion in 2020. Revenue however grew by 34.06 per cent to N128.396 billion from N95.768 billion in 2020, while cost of sales also increased by 25.07 per cent from N80.273 billion in 2020 to N100.405 billion in 2021. International Breweries 2021 FY financial statement showed a loss after tax of N17.66 billion from a loss of N16.06 billion in the corresponding period of 2020. Meanwhile, Revenue for the period raked in N182.30 billion, representing a growth of 33.27 per cent. This shows that the brewery has declared bottom line loss for three consecutive years since 2018. However the company has shown signs of recovery. The breweries firm closed the first quarter ended March 31, 2022, with a profit after tax of N721.167 million from a loss of N2.578 billion in 2021. Profit before tax also stood at N1.856 billion in Q1 2022 from a loss of N3.561 billion posted in 2021. Revenue rose by 47.63 per cent to N57.521 billion from N38.964 billion in 2021, while cost of sales grew by 15.66 per cent to N37.567 billion in 2022 as against N32.478 billion recorded in 2021.
 

Adewale Stock

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Apr 15, 2020
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CAUSES OF LOSSES IN INTERNATIONAL BREWERY FOR THREEYEARS.


The challenges posed by strong macro-economic headwinds, which include erratic supply of public electricity, falling naira rates, weak logistics, insecurity and other high costs of operations attributable to poor infrastructure have continued to make the business operating environment difficult, especially for the real sector of the economy. With fiscal and monetary headwinds leading to marked reduction in domestic output, manufacturers have continued to groan under pressure of increased cost of operations. This is because despite efforts by government to create an enabling environment for investment in the nation’s economy, the exchange rate volatility and its attendant effects have impacted businesses negatively. The increase in exchange rate has forced manufacturers to borrow at a high rate, thereby increasing cost of productions, made worse by the infrastructure deficiency, which has inevitably transferred the high production cost to consumers as this had made manufacturers less competitive, shrinking their profit margins, as naira’s devaluation takes its toll on imported raw materials. Safe for the 2022 first quarter results, which showed signs of recovery, International Breweries Plc, like its peers, has not been unable to sustain its performance despite innovative and proactive responses to market dynamics and competitive pressures. With recording losses for three consecutive years, market watchers attributed the depletion in revenue to stiff competition, rising cost of operations and drop in the value of naira despite its innovation in the industry. The company’s share price stood at N6.75 per share when the closing bell rang on Friday.