By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Top Nigerian Brewers Guinness Nigeria Plc on Monday said its profit before tax (PBT) for the first quarter (Q1) report ended March 31, 2014 went down 30 percent (30%) from N11.234 billion in the Q1 of 2013 to N7.823 billion in the review period of 2014.

Similarly, profit after tax (PAT) dropped 22% from N7.633 billion in the first quarter of 2013 to N5.943 billion in the same period of 2014.

Revenue of the brewer also decreased 11% from N88.058 billion in the Q1 of 2013 to N78.018 billion in the review period of 2014.