International Breweries Plc reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NGN 61,732.29 million compared to NGN 53,881.98 million a year ago. Net loss was NGN 21,287.27 million compared to NGN 384.97 million a year ago. Basic loss per share from continuing operations was NGN 0.79 compared to NGN 0.01 a year ago.
For the six months, sales was NGN 116,130.96 million compared to NGN 111,403.59 million a year ago. Net loss was NGN 23,593.31 million compared to net income of NGN 336.2 million a year ago. Basic loss per share from continuing operations was NGN 0.88 compared to basic earnings per share from continuing operations of NGN 0.01 a year ago.