7up Posts 50.5% Drop in Pretax Profit in Q3 2015

Sevenup

Click here to view Seven-Up Bottling Company Plc Third Quarter 2015 Result

By InvestAdvocate

Lagos (INVESTADVOCATE)-Soft drink maker, Seven-Up Bottling Company Plc said on Thursday its pretax profit for the nine-month period ended December 31, 2015 dropped 50.5 percent to N2.884 billion from N5.823 billion recorded the same period of 2014.

In the same vein, profit for the period declined 50.9 percent to N2.230 billion from N4.542 billion recorded a year ago.

Revenue of the soft drink company appreciated marginally from N59.830 billion in the Q3 of 2014 to N60.226 billion recorded in the review period of 2015; indicating an increase of 0.7 percent, Seven-up said in a filing with the Nigerian Stock Exchange (NSE).

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