Guinness Nigeria – Chasing Growth in Spirits
Management Reiterates Commitment to Strategy For most investors, Guinness Nigeria second-quarter results (Full Year is June) still leaves a lot to be desired from the brewer, particularly after the underwhelming end to the last financial year. Cumulatively, H1:2021 revenue is up 5.89% YoY to NGN72.35bn, building on the recovery recorded in the prior quarter (revenue grew 11.62% YoY) when restrictions on on-trade sales channels were lifted. On a standalone basis, however, Q2 numbers look less encouraging, considering that support came from price upward adjustments on selected Spirits brands to...
Source: naija247news.com