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2014 H1: Seven Up Plc Reports 50% Increase In Pre-tax Profits. Are we drinking more Pepsi?

Nairametrics by Nairametrics
July 30, 2014
in Uncategorized
2014 H1: Seven Up Plc Reports 50% Increase In Pre-tax Profits. Are we drinking more Pepsi?
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Seven Up Plc released its 2014 Q1 to June results showing revenues rose 18% to N21billion (2013 Q1: N21billion). Operating profit also rose 45% to N3.1billion on the back of a lower operating expense when compared to the same period last year. Operating expenses was N4.4billion in the first quarter of 2014 compared to N4.7billion same period last quarter. This also helped push pre-tax profits to N2.7billion a whopping 50% increase from the N1.8billion posted a year earlier.

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