International breweries profit falls  on rising cost as margins shrink

International breweries profit falls on rising cost as margins shrink

International Breweries Plc has had rising finance costs and operating expenses weigh on its third quarter profit as gross margins shrink. For the six months ended 30th September 2017, International Breweries Plc recorded a loss of N52.1 million from a loss of N1.80 billion. The Nigerian brewers gross profit was couldn’t cover finance cost and…

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