The second quarter of 2023 wasn’t a great period for International Breweries, as the brewer saw its loss increase significantly between April to June.
In a financial statement obtained on Thursday disclosing the firm’s earnings in Q2 this year, International Breweries recorded a loss of N21.28 billion after tax.
During the corresponding period in 2022, International Breweries posted a N384.96 million loss after tax. The loss increased by 5,429%.
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