January 30, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s top tier brewer, Guinness Nigeria Plc on Wednesday said its first half (H1) pretax profit for the period ended December 31, 2018 appreciated +21.02 percent to N2.57 billion from N2.13 billion posted a year ago.

Profit before tax (PBT) of the company grew +7.09 percent to N3.79 billion from N3.54 billion declared the corresponding period of 2017.

Revenue of Guinness Nigeria declined -3.91 percent to N67.79 from N70.55 billion reported a year ago, the brewer said in a filing to the Nigerian Stock Exchange (NSE).

Shares of Guinness Nigeria at the close of trading on the domestic bourse declined -8.45 percent to N65.00 from N71.00 per share posted the previous session.