International Breweries Plc a proud part of the AB InBev family, the world’s largest brewer, has announced its unaudited results for its half-year period ended June 30th 2020. InternationnalBreweries
The result, which was just released to the Nigerian Stock Exchange , reflected the impact of the ongoing Covid-19 pandemic on Nigeria.
While the quarter may not have ended robust enough, the results show that the Company made significant progress in some other critical areas as enumerated above which further demonstrates its commitment to build a company that will last by consolidating on the strategies being implemented to get it back on the path to profitability with better returns on investment for its shareholders.
The AGM by Proxy as approved by the Corporate Affairs Commission was held virtually and shareholders had the opportunity to vote on all the resolutions presented before the meeting, under the In-Chair of Mr. Michael Ajukwu, a Non-Executive Director. The meeting was live-streamed on YouTube giving access to key stakeholders to be part of the meeting and indicative of the Company’s transparency.
Continuing, Mr Ajukwu said, “While the 2019 financials is historical, we have delivered consistently in revenue growth, and have touched the lives of the communities where we operate. Your concerns shared today are well noted and they already form part of the take-up points in our strategic decisions, particularly on further deleveraging our balance sheet and other aspects of our business.
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