Daily Archives: September 7, 2015

Guinness Nigeria (Q2) 2015 profit falter by 19% on competitive pressure, macro headwinds

Guinness Nigeria Plc on Friday, 4th September 2015, released its second quarter earnings for the period ended 30th June 2015, reporting a 19% drop in profit after tax (PAT) to N7.8bn, from N9.6bn for the same period in 2014. Diluted earnings per share also fell by 19% to 518, from 636 last year. The company’s borrowing cost rose by 10% to N4.9bn, from N4.4bn the previous year.

However, revenue grew by 9% to N118 billion, from N109 billion from the same period in 2014.