International Breweries Plc reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NGN 54,398.68 million compared to NGN 57,521.61 million a year ago. Net loss was NGN 2,306.03 million compared to net income of NGN 721.17 million a year ago.

Basic loss per share from continuing operations was NGN 0.09 compared to basic earnings per share from continuing operations of NGN 0.03 a year ago.