By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Brewer, Guinness Nigeria Plc said on Thursday its profit after tax (PAT) for the period ended September 30, 2015 declined 75.60 percent to N362.29 million from N1.485 billion recorded a year earlier.

Similarly, profit before tax (PBT) of the brewer depreciated 73.62 percent to N517.56 million from N1.962 billion reported the same period of 2014.

However, revenue inched up slightly from N21.048 billion in the third quarter of 2014 to N21.742 billion in the review period, Guinness Nigeria said in a filing with the Nigerian Stock Exchange (NSE).

At the close of Thursday’s trading on the Nigerian bourse, share price of the brewer dropped by 5.70 percent to N142.20 from N150.80 traded on Wednesday’s session; losing N8.60 per share to close the day.