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Home Business News

Guinness Nigeria Plc releases FY 2018 results

Onome Ohwovoriole by Onome Ohwovoriole
August 29, 2018
in Business News, Company News
What Shareholders Were Worried About At The Guinness EGM
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Guinness Nigeria Plc has released its results for the financial year ended June 2018. The company has proposed a final dividend of N1.84 per share. Here are highlights of the results

Revenue

Revenue increased from N125.9 billion in 2017 to N142.9billion in 2018. This marks a 14% increase year on year.

Profit Before Tax

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Profit Before Tax jumped from N2.6 billion in 2017 to N9.9 billion in 2018. This represents a 280% increase year on year.

Earnings Per Share

Earnings per share also increased from N1.28 in 2017 to N3.30 in 2018. This marks a 157% increase year on year.

Profit After Tax

Profit after tax also jumped from N1.9 billion in 2017 to N6.9 billion in 2018. This marks a 263% increase year on year.

Current Share Price

Guinness Nigeria Plc closed at N90 in today’s trading session on the Nigerian Stock Exchange.

DOWNLOAD GUINNESS NIGERIA FY 2018 RESULTS


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Tags: FY 2017 resultsGuinness Nigeria Plc
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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