By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Brewer, Guinness Nigeria Plc said on Friday its half-year profit for the period December 31, 2014 declined 32 percent to N3.398 billion from N4.996 billion recorded the same period of 2013, the company said in a filing with the Nigerian Stock Exchange (NSE).Similarly, profit before tax (PBT) also depreciated 27.37 percent to 4.658 billion from N6.414 billion reported last year.

However, revenue rose slightly 4.75 percent in the half-year period ended December 31, 2014 to N55.267 billion from N52.757 billion in the half-year of 2013.

At the end of Friday’s trading, share price of the brewer dropped 0.06 percent as it opened at N130.05 and closed N129.99.