• Business - Companies
  • Updated: April 29, 2022

N15.28 Billion Profit Recorded By Guinness Nigeria Plc In Nine Months

A financial report for nine months which ended in March 2022 has been released by Guinness Nigeria Plc showing a profit of N15.28 billion, indicating a 731.23% increase from the previous year period as revenue grew by 38.70%.

During the period, the company experienced an increase in the general prices of goods and services which affected both consumers and producers, as producers were faced with a significant increase in prices of raw materials and general cost of production.

Guinness also recorded an impressive bottom-line profit which increased by 24% despite production costs which increased by a whopping 24% during the period under review.

The company per share (EPS) for the period is at N6.98, a 730.95% increase from N0.84 in the nine-month period.

The company last traded at N93.00 per share and has grown by 138.46% from year-to-date.



Join our Telegram platform to get news update Join Now
Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

More From this Author


greif nigeria plc Industrial Goods

austin laz & company plc Industrial Goods

Austin Laz & company founded in 1982 by Engr.(Dr) Austin Lazarus Asimonye. H...

notore chemical ind plc Industrial Goods

Notre Chemical Industries Plc was established in 2005. The Company operates the ...

cap plc Industrial Goods

Chemical and Allied Products Plc popularly known as CAP Plc, is a subsidiary of ...


0 Comment(s)


Jun 08, 2022

Countdown To 2023 Presidential Election: Who Are You Voting For?

Countdown To 2023 Presidential Election: Who Are You Voting

Atiku Abubakar (PDP) 9.38 %

Bola Ahmed Tinubu (APC) 19.53 %

Peter Obi (LP) 71.09 %

111 days 6 hours remain

See this post in...