Seven-Up 2015 H1 Pretax Profit Decline 36.23%

By InvestAdvocate

Lagos (INVESTADVOCATE)-Soft drink maker, Seven-Up Bottling Company Plc said on Tuesday its pretax profit for the half-year (H1) period ended September 30, 2015 declined 36.23 percent to N2.371 billion from N3.230 billion recorded the same period of last year.

Also, post tax profit dipped 26.61 percent to N1.820 billion from N2.480 billion declared in the H1 period of 2014.

However, turnover inched up slightly from N38.142 billion to N39.569 billion in the review period of 2015; indicating an increase of 3.74 percent, the soft drink producer said in a filing with the Nigerian Stock Exchange (NSE).

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