International Breweries Plc Unaudited Condensed Financial Statement Analysis: A Look At Q12023 Interim Report

Published On: May 3, 2023Company: International Breweries Plc (
What was International Breweries Plc's income tax credit/(charge) for the three months ended 31st March 2023?
1,811,774 N'000

The Key Points

  • For the three months ending March 31, 2023, the company had revenue of 54,398,676 N’000
  • Cost of sales for the three months were 44,752,601 N’000
  • Gross profit for the three months were 9,646,075 N’000
  • Administrative, Marketing, and Promotion expenses for the three months were 9,954,052 N’000
  • The company incurred an Impairment charge on financial assets of 99,946 N’000
  • Other expense for the three months was 2,567,568 N’000
  • Finance income for the three months was 3,434,866 N’000
  • Finance cost for the three months was 4,577,182 N’000
  • The company reported a (loss)/profit before tax of (4,117,807) N’000
  • Income tax credit/(charge) for the three months was 1,811,774 N’000
  • (Loss)/Profit for the period was (2,306,033) N’000
  • Basic and diluted (loss)/earnings per share (Naira) for the three months was (0.09)
  • Change in fair value of hedging instrument recognised in OCI for the three months was 892,952 N’000
  • Total comprehensive (loss) / income for the period was (1,413,081) N’000
  • Basic and diluted (loss)/earnings per share (Naira) for the three months was (0.09)

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About International Breweries Plc (

International Breweries Plc is a brewery in Nigeria which brews, packages and markets a range of beer and non-alcoholic malt beverages. The company is known for its beer sold under the Trophy brand name and non-alcoholic malt drink sold under the Betamalt brand name, namely Trophy Lager, Trophy Black and Betamalt malt drink. Other brands packaged and marketed by International Breweries Plc include Castle Milk Stout, Castle Lager, Redds, Hero, Grand Malt and Voltic Water. The company’s head office is in Osun State, Nigeria and its distribution centres are in Ibadan, Lagos and Ilorin. International Breweries Plc is listed on the Nigerian Stock Exchange

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