By InvestAdvocate
Lagos (INVESTADVOCATE)-Brewing giant, Guinness Nigeria Plc on Wednesday reported a loss after tax (LAT) of N2.01 billion in the audited period ended June 30, 2016 compared to a profit of N7.79 billion recorded a year earlier.
Also, the company recorded a loss before tax (LBT) of N2.34 billion compared to a profit of N10.79 billion posted the same period of 2015.
Revenue of the brewer dipped 14.41 percent to N101.97 billion from N118.49 billion declared the same period of 2015, Guinness said in a filing with the Nigerian Stock Exchange (NSE).
The brewer has proposed a dividend of 50 kobo per share to its investors and Cordros reports that this translates to a dividend yield of 0.05 percent based on Tuesday’s closing price of N100.
Share price of Guinness Nigeria at the close the session on the Nigerian bourse declined 7.00 percent to N93.00 from N100; losing N7.00 per share.
Click here to download Guinness Financial Statements -June 30, 2016
