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[Corporate Action] Guinness Nigeria Posts a 75% Drop In Profits For Q1’2015

Guinness Nigeria released its financial results for the 3 months ended 30th September 2015. The result showed that revenue increased marginally by 3.3% from N21 billion in 2014 to N21.7 billion in 2015. Profit before tax also dropped 73%. See Summary of result below… Other News Stanbic IBTC PMI: Nigeria’s private sector expands for fifth […]

[Corporate Action] Guinness Nigeria Posts a 75% Drop In Profits For Q1’2015

Guinness Nigeria released its financial results for the 3 months ended 30th September 2015.

The result showed that revenue increased marginally by 3.3% from N21 billion in 2014 to N21.7 billion in 2015.

Profit before tax also dropped 73%.

See Summary of result below…

Guinness Nig Plc Q1 2015 2014 % Change
N’000 N’000
Revenue 21,741 21,047 3.30%
Gross Profit 9,304 10,548 -11.79%
Operating Expenses -8,001 -7,837 2.09%
Pre-tax profits 517 1,962 -73.65%
Profit After Tax 362 1,484 -75.61%
Current Share Price  150.00

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