By Aduragbemi Omiyale
The board and the management of International Breweries Plc have been urged to sustain their commitment to high standards of corporate governance, social impact and shareholder value creation.
The Divisional Head of Capital Markets at the Nigerian Exchange (NGX) Limited, Mr Jude Chiemeka, gave this charge at the Facts Behind the Figures of the company held at the bourse recently.
Mr Chiemeka commended the beer maker for increasing its engagement with the market, saying this would boost the confidence of investors in the organisation.
“One of such contributions is the Responsible Beverage Service (RBS), a first-of-its-kind intervention programme in Nigeria with the objective of contributing to the reduction of alcohol-related harms caused by drunk driving, underage drinking, binge drinking, gender-based violence and alcohol consumption by pregnant women. This programme reiterates the company’s mission of bringing people together for a better world,” he said.
Recalling International Breweries’ performance in the first half of 2022, Mr Chiemeka attributed it to the hard work and resilience of the management.
“We would like to recognise these efforts being made by the Board and Management of International Breweries Plc towards achieving continuity by improving business operations and restoring investor confidence in the company.
“With the fast-changing macroeconomic environment in Nigeria and globally, we encourage International Breweries Plc to continue to strive for sustainability by adhering to higher standards of corporate governance, deeper social impact, higher regulatory compliance, and greater returns for shareholders,” he added.
In his remarks, the Managing Director/Chief Executive Officer of International Breweries, Mr Hugo Dias Rocha, noted that the company would continue to build brands and invest in a sustainable and profitable business for the long term.
“Our team is engaged and living in the AB InBev culture of optimising the growth potential of the business and delivering shareholder value,” he added.
