₦airaland Forum

MEEVEET:
Lmaoo you just want to paint Obi bad
Firstly just confirmed Anambra investment was valued at 1.95 billion

Below is the profit of the company last year 87 billion

And this is a decline of over 220% which means previous year was over 220 billion

Anambra investment after the recent buying by SAbmiller was now valued at 1.56%

So last year Obi 1.95 billion investment earned Anambra 1.17 billion

Previous year was 3.3 billion ...

Two years alone ooh

And you think that's not a wise investment?
https://www.google.com/amp/s/investogist.com/fact-check-is-the-investment-peter-obi-made-for-anambra-state-worth-next-to-nothing/amp/

We both made an error in regarding the amount Obi invested in the brewery. You inadvertently led us astray, and I followed your lead. I've confirmed that Obi's actual investment was 1.95 billion Naira.

Moreover, International Breweries Plc had a total market capitalization of "N107.45 billion" in 2022 but experienced a net loss of N17.66 billion. Consequently, the company's worth dropped to approximately 90 billion Naira.
The information you provided contradicts your claim; it indicates that the company incurred a loss of 87 billion Naira, rather than a profit. The 90 billion Naira valuation in 2022 was met with a 226% decline in profits, a substantial downturn. If we subtract 87 billion from the 90 billion Naira valuation, the company would be worth roughly 3 billion Naira as of 2023. Given the current economic climate, the company's value might continue to diminish this year. Unfortunately, Hero Beer is now facing financial difficulties, and Obi's investment has lost its worth, validating Governor Soludo's earlier assessment.

michlins:
why decommission the "makeshift" at this point when money is really scarce

Converted, not decommissioned.
Anyways, they seem to be making prudent use of their resources instead of borrowing

Almunjid:
We both made an error in regarding the amount Obi invested in the brewery. You inadvertently led us astray, and I followed your lead. I've confirmed that Obi's actual investment was 1.95 billion Naira.

Moreover, International Breweries Plc had a total market capitalization of "N107.45 billion" in 2022 but experienced a net loss of N17.66 billion. Consequently, the company's worth dropped to approximately 90 billion Naira.
The information you provided contradicts your claim; it indicates that the company incurred a loss of 87 billion Naira, rather than a profit. The 90 billion Naira valuation in 2022 was met with a 226% decline in profits, a substantial downturn. If we subtract 87 billion from the 90 billion Naira valuation, the company would be worth roughly 3 billion Naira as of 2023. Given the current economic climate, the company's value might continue to diminish this year. Unfortunately, Hero Beer is now facing financial difficulties, and Obi's investment has lost its worth, validating Governor Soludo's earlier assessment.

Is it that you don't know how to read English or you just want to prolong this talk?

Where in the article did it say the company made a loss of 87 billion?

The article said it made a profit of 87 billion which is 220% less than the previous year how's is that a loss? Instead of lower profit?

Abeg which school did you go?

MEEVEET:
Is it that you don't know how to read English or you just want to prolong this talk?

Where in the article did it say the company made a loss of 87 billion?

The article said it made a profit of 87 billion which is 220% less than the previous year how's is that a loss? Instead of lower profit?

Abeg which school did you go?

According to the 2022 article you provided, it states, "It has been 10 years since Governor Peter Obi invested ₦1.95 billion of Anambra State's money in Intafact, and nearly 5 years since the Anambra State Government received shares of International Breweries Plc in exchange for its investment."

I would like to point out that your argument contains flaws, and it might be beneficial for you to reevaluate your stance. Despite being incorrect, you continue to hurl insults at me, which is unproductive. I will refrain from engaging in similar behavior and let your conscience guide you.

I encourage you to reread your screenshot carefully: It mentions that "International Brewery records N87.64 billion unaudited loss in 2023, posts 226% profit decline." You seem to be confusing two key terms: "unaudited loss" and "profit decline."
"Unaudited loss" refers to an "unverified financial setback" indicating a reported loss that has not yet been officially examined or confirmed by an independent auditor, while "profit decline" implies a reduction in profits.[/b] It is essential to understand the difference between these terms to grasp the actual financial situation of the company accurately.

Shalom!

Bestmanfornow:
Watch the latest video, they started construction of drainage on both sides of the road, two construction companies are handling the project

I don’t need no video, this is road I used this last Saturday 19th October, nothing is going on there.

Theevilone:
I don’t need no video, this is road I used this last Saturday 19th October, nothing is going on there.

Revisit this same road again and tell us if nothing is happening there now