Click here to view First-Half 2015 Report of Guinness Nigeria Plc

By InvestAdvocate

Lagos (INVESTADVOCATE)-Brewer, Guinness Nigeria Plc said its first-half (H1) pretax profit for the period ended December 31, 2015 dropped 65 percent to N1.652 billion from N4.658 billion recorded a year ago.

Similarly, post-tax profit declined 66 percent to N1.172 billion from N3.398 billion posted the same period 2014.

Revenue of the beermaker depreciated from N55.267 billion in the H1 period of 2014 to N49.863 billion in the review period of 2015; showing a decline of 10 percent, according to Guinness Nigeria in a filing with the Nigerian Stock Exchange (NSE).

Shares of the company at the close of last Friday’s trading on the Nigerian bourse increased 5.0 percent to NN115.50 per share from N110.00 per share traded the previous session.