International Breweries plc Announces Audited Earnings Results for the Year Ended March 31, 2017
International Breweries Plc announced audited earnings results for the year ended March 31, 2017. For the year, the company reported revenue of revenue of NGN 32,711,218,000 against NGN 23,269,364,000 a year ago. Profit before tax was NGN 2,891,749,000 against NGN 3,656,826,000 a year ago. Earnings per share was 31 kobo against 81 kobo a year ago. Net cash flow from operating activities was NGN 7,549,199,000 against NGN 7,901,718,000 a year ago. Purchase of Property plant and equipment was NGN 8,510,037,000 against NGN 4,176,593,000 a year ago. Net return on total equity was 7% against 19% a year ago. Results from operating activities was NGN 8,084,425,000 against NGN 5,141,112,000 a year ago.