By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Beer maker, Guinness Nigeria Plc on Monday said its post tax profit declined 19 percent from N11.863 billion in 2013 to N9.573 billion in the 2014 audited year end, according to a filing by the brewer to the Nigerian Stock exchange (NSE).

Similarly, pretax profit fell 31 percent to N11.681 billion in the full year period of 2014 from N17.008 billion in 2013.

Revenue also dropped to N109.202 billion in the 2014 audited year end compared with N122.463 billion in 2013.

At the end of transactions at the Nigerian bourse, the brewer lost N5.20 as it opened N181.00 and closed at N175.80 dropping 2.87 percent in the review period.