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
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.
DOWNLOAD GUINNESS NIGERIA Q1 2019 RESULTS
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.
Is it possible for a financial year to end before a fiscal year ? Shouldn’t it have been Q1 2018 ?
Good morning, Mr Lion.
Yes, it is indeed possible for a company’s fiscal year-end to differ from the typical calendar year; that is January 1st-December 31st.
This is because the fiscal year-end is “the period used for calculating annual financial statements… may not close on December 31 due to the nature of a company’s needs.”
That said, the Guinness Nigeria Plc financial report you just read is not for Q1 2018. It is for Q1 2019 just as the report said.
Thank you and have a great day.