By InvestAdvocate

Lagos (INVESTADVOCATE)-Brewer, International Breweries Plc said on Thursday its first quarter (Q1) report for the period ended June 30, 2015 declined 40.6 percent to N420.80 million from N708.21 million recorded the same period of last year.

Similarly post tax profit dropped same margin of 40.6 percent to N618.82 million from N1.04 billion reported a year earlier.

Revenue of the company moved to N5.22 billion from N5.21 billion recorded in the Q1 of 2014, the brewer said in a filing to the Nigerian Stock Exchange (NSE).