![[Corporate Action] Guinness Nigeria Posts a 75% Drop In Profits For Q1’2015](https://i1.wp.com/nairametrics.com/wp-content/uploads/2015/10/guinness-logo.jpg?fit=640%2C480&ssl=1){kind=logo}
Guinness Nigeria released its financial results for the 3 months ended 30th September 2015.
The result showed that revenue increased marginally by 3.3% from N21 billion in 2014 to N21.7 billion in 2015.
Profit before tax also dropped 73%.
See Summary of result below…
| Guinness Nig Plc Q1 | 2015 | 2014 | % Change |
| N’000 | N’000 | ||
| Revenue | 21,741 | 21,047 | 3.30% |
| Gross Profit | 9,304 | 10,548 | -11.79% |
| Operating Expenses | -8,001 | -7,837 | 2.09% |
| Pre-tax profits | 517 | 1,962 | -73.65% |
| Profit After Tax | 362 | 1,484 | -75.61% |
| Current Share Price | 150.00 |
