International Breweries Plc has reported 77.99% decline in its Profit after Tax for the period ended March 31st, 2019. According to the company’s results released to the market on July 3rd, 2019 the bottom line figures for the period under review stood at N3.9 billion deficit after dropping further from a deficit of N2.2 billion recorded in Q1 2018.
The company ended the period with N35 billion total Revenue to close 35.16% better than N25.9 billion recorded in 2018
The group’s earnings per share dropped also by 77% from N0.26 deficit to N0.46 deficit in the current period of Q1’19.
The Nigeria-based company engaged in brewing, packaging and marketing of beer, alcoholic flavored/non-alcoholic beverages and soft drinks has its current PE Ratio standing at -36.75x with about -2.72% earnings yield for an equity price of N17.05, it closed on July 3rd.