• Business - Companies
  • Updated: April 29, 2022

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

N15.28 Billion Profit Recorded By Guinness Nigeria Plc In Ni

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.


Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...


We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings