International Breweries Plc reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was NGN 49,028.13 million compared to NGN 46,434.45 million a year ago. Net loss was NGN 3,145.64 million compared to net income of NGN 2,217.53 million a year ago. Basic loss per share from continuing operations was NGN 0.12 compared to basic earnings per share from continuing operations of NGN 0.08 a year ago.
For the nine months, sales was NGN 160,431.72 million compared to NGN 128,396.01 million a year ago. Net loss was NGN 2,809.44 million compared to NGN 14,001.87 million a year ago. Basic loss per share from continuing operations was NGN 0.1 compared to NGN 0.52 a year ago.