International Breweries plc Announces Audited Earnings Results for the Year Ended March 31, 2016
International Breweries Plc announced audited earnings results for the year ended March 31, 2016. For the year, the company reported revenue was NGN 23,269,364,000 compared to NGN 20,649,295,000 a year ago. Results from operating activities were NGN 5,141,112,000 compared to NGN 4,635,261,000 a year ago. Profit before tax was NGN 3,656,826,000 compared to NGN 2,815,554,000 a year ago. Earnings per share were 81 kobo compared to 59 kobo a year ago. Net cash flow from operating activities was NGN 7,901,718,000 compared to NGN 3,151,232,000 a year ago. Purchase of Property plant and equipment was NGN 4,176,593,000 compared to NGN 5,876,558,000 a year ago. Purchase of intangible assets was NGN 9,643,000 compared to NGN 35,871,000 a year ago. Net return on total equity was 19% compared to 16% a year ago.