April 27, 2017/Cowry Asset Research In 2016, Total Oil Nigeria Plc recorded an impressive year-on-year financial performance, beating industry peers despite economic headwinds – an economic recession, scarce foreign exchange and rising inflation. Turnover increased by 38.24% to N290.95 billion while profit after tax spiked by 319.91% to N14.79 billion… […]
Results & Dividends
Guinness Nigeria records 29% growth in revenue in Q3
April 27, 2017/Guinness Nigeria Plc Guinness Nigeria Plc, the nation’s leading alcoholic beverage manufacturer and a subsidiary of Diageo Plc, has released its unaudited results for the nine months ended 31 March, 2017. The results detail revenue growth of 29% and a 6% increase in gross profit when compared to […]
Guinness Nigeria Plc | First Glance: Q3-17; Investors Unmoved By Marked Improvement in PAT
April 27, 2017/Cordros Report Click here to download full PDF Report Late yesterday, GUINNESS released Q3-17 results, and surprised with a record gross margin (54.71%) recovery that was by far the biggest contributor to the company’s first quarterly profit in exactly one year. Also supporting the PAT of N2.1 billion […]
