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Home Markets Equities Stock Market

[Corporate Action] 7UP Records 50% Drop In Pre-tax Profits

Research Team by Research Team
January 28, 2016
in Stock Market
[Results] Higher Costs Chops off 7up Margins
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Seven Up Bottling Co Plc, released its financial results for the nine months ended Dec 31, 2015.

The result showed that revenues rose marginally by 0.66% from N59 billion in 2014 to N60 billion in 2015.

The company also reduced its operating expenses by 15%, from N15 billion in 2014 to N12 billion in 2015.

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Pre-tax Profits however dropped by 50% from N5.8 billion in 2014 to N2.8 billion in 2015, while Profit after tax dropped by 50.89% from N4.5 billion in 2014 to N2.2 billion in 2015.

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Tags: Nigerian Company ResultsNSE
Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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