Unlike the first half of the year (where revenue was down 11.68% YoY), International Breweries Plc. (INTBREW) posted a comparatively stronger third quarter performance (+22.79% YoY), which lifted overall revenue for 9M:2020 to NGN95.77bn – a 1.53% decline from 9M:2019. The upsurge in sales during the quarter rode on the back of recovering demand for alcoholic beverages, particularly as on-trade sales channels came back on stream.
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