[Corporate Action] 7UP Records 50% Drop In Pre-tax Profits

Seven Up Bottling Co Plc, released its financial results for the nine months ended Dec 31, 2015.

The result showed that revenues rose marginally by 0.66% from N59 billion in 2014 to N60 billion in 2015.

The company also reduced its operating expenses by 15%, from N15 billion in 2014 to N12 billion in 2015.

Pre-tax Profits however dropped by 50% from N5.8 billion in 2014 to N2.8 billion in 2015, while Profit after tax dropped by 50.89% from N4.5 billion in 2014 to N2.2 billion in 2015.

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