Business - Companies
Updated: April 29, 2022

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

By Felicia Abisola Olamiji
April 29, 2022
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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.