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Guinness Nigeria Grows Profit by 35% to N1.8bn in Nine Months


By Goddy Egene
Guinness Nigeria, a subsidiary of Diageo Plc, is on the way to delivering a bounteous harvest to shareholders for the year ending June 30, 2021, given its results for the nine months to March 31, 2021.
The total beverage alcohol company, posted a revenue ofN114.956 billion, representing a growth of 20 per cent above the N96.019 billion recorded in the corresponding period of 2020. The company reported a profit before tax (PBT) of N4.463 billion, which was 123 per cent above the N2.005 billion in the corresponding period of 2020.
But profit after tax (PAT) grew slower by 35 per cent from N1.362 billion to N1.838 billion because of higher tax charge. ....

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A Chat With Stylist Brian Msafiri on Style and Fashion

A Chat With Stylist Brian Msafiri on Style and Fashion
nairobiwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairobiwire.com Daily Mail and Mail on Sunday newspapers.

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Guinness Nigeria Grows Revenue to N72bn in Six Months


Goddy Egene
Guinness Nigeria Plc, one of the leading beverage and alcohol companies in Nigeria and a subsidiary of Diageo Plc, has reported a growth of N72.351 billion for the half year ended December 31, 2020, showing an increase of 5.9 per cent compared with N68.327 billion in the corresponding of the previous year.
Cost of sale rose by 11 per cent from N48.476 billion to N53.765 billion leading to a gross profit of N18.586 billion, as against N19.852 billion in 2019.
However, with the devaluation of the naira, financing costs increased significantly by 49 per cent from N1.625 billion to N2.422 billion despite a reduction in the net interest cost on the back of better cash generation. ....

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