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.