International Breweries Plc presented its Q1 earnings forecast for the period ended March 31st 2012 to the market today.
Proshare has reviewed the forecast against its believability index, relying on previous performances against forecast; to confirm the following:
That International Breweries Plc has a 0% chance of achieving or exceeding its PAT forecast and a -409% chance of delivering on its Turnover projections for the period in view.
The significant loss of N6.7billion recorded in Q3’11, following the loss of N92.63million experienced in Q2'11 had negative impact on this believability index considerably.
This weights fall within the 'most believable' forecast range for quoted companies in the sector.