Despite Six Years Of Unprofitability, International Breweries Spends N71bn On ‘Other Expenses’

The directors of International Breweries Plc are still hopeful that the company will continue as a going concern after 2023 despite sustaining losses for six consecutive years.

International Breweries’ financial reports for 2018, 2019, 2020, 2021, 2022, and 2023 showed that the company which makes Trophy Lager, Hero Larger, Grand Malt and Eagle Stout did not make a profit during the period, the company’s books analysed by THE WHISTLER reveal.