International Brewery Estimates a Rise in Sales to N49billion in the Third Quarter of 2022.
The third quarter results for International Breweries Plc have been released, and they indicate a record 5. 6% increase in sales from the third quarter of 2021 to a record N49 billion.
However, higher sales charges and other costs resulted in a loss for the period of N3. 1 billion, as opposed to N2.2 billion at the same point last year.
However, the corporation said in a statement that weak industry conditions and continuous supply chain problems were to blame for a fall in volumes in the third quarter of 2022.
Rocha said that the company’s key brands, premium portfolio, and innovation helped International Breweries stay robust during the era.
The brewer’s top line increased by 5.6%, according to Eduardo Caceres, financial director, thanks to its revenue management strategies.