International Breweries Q3, 11 Result: Net Income Up 598%
International Breweries Plc released its Q3, 2011 results on the floor of the Exchange today reporting a net income that was up by 598% from the same period last year.
The company had recorded a loss of 91 Million after the Q3, 2010 period.
Over the third quarter of 2011, the company saw revenues rise 135% from N 3 billion in Q3, 2010 to N 7.1 billion.
Profit before tax and Net Income were reported to be N 635 Million, up 598% from the prevous year and reflecting no payments or provisions for Tax.
Incorporated in Nigeria in 1971, International Breweries commenced operations in December 1978 and converted into a public limited liability company in the 1994/95 financial year.
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