Guinness Nigeria has released its interim financial results for the three months period (Q1 2019) ended 30th September 2018.
Here are the key highlights of the results:
Revenue for the group dropped from ₦29 billion in 2017 to ₦28 billion in the year under review. This represents a 6.05% reduction year on year.
Profit Before Tax
Profit Before Tax increased from ₦41 million in 2017 to ₦1.2 billion. This represents a 2868.6% increase year on year.
Profit After Tax
Profit After Tax also increased from ₦41 million in 2017 to ₦835 million. This represents a 1918.6 % increase year on year.
Earnings Per Share
The Earnings Per Share also increased from 3 kobo in 2017 to 38 kobo in 2018. This represents a 1166.6% increase year on year.
Current Share Price
Guinness Nigeria closed in today’s trading at ₦77 during the trading session on the floor of the Nigerian Stock Exchange.
N.B: Guinness Nigeria observes full financial year end in June. The latest result records its performance in Q1 (July-Sept) of 2018/2019 fiscal year.