Daily Archives: February 1, 2016

7Up Third Quarter (Q3) net profit drop by 81%

Seven-Up Bottling Company Plc, on Friday, 29th January 2016, released its third quarter (Oct – Dec 2015) financial results, with profit after tax declining by 80.1% to N410 million, from N2bn recorded in the same period in 2014.

Pretax profit also fell by 80.21% to N513 million, from N2.6bn in the same period in 2014.

Guinness Nigeria Half-Year (H1) net profit fall by 66%

Guinness Nigeria Plc released its financial results for half-year of its fiscal period ending 31 December 2015. The brewer showed a 66% net profit decline, from N3.39bn in the same period in 2014 to N1.17bn.

The company’s profit before tax (PBT) also fell by 65%, from N4.65bn to N1.65bn. Sales revenue for the period also declined by 10%, from N55.3bn to N49.8bn.

International Breweries posts 18% net profit in nine months

Trophy Lager beer

International Breweries Plc, a SABMiller subsidiary has released its most recent financial results for the nine months ended 31 December 2015. It showed the brewer’s net profit rose 18% to N1.7bn, from N1.4bn recorded in the same period one year ago.

Pretax profit also rose by 7% to N2.4b, from N2.2bn in the same period in 2014.

The company also saw a top line growth of 7.49% to N16.4bn, from N15.3bn in the same period under review.