Daily Archives: December 18, 2015

Coca-Cola Enterprises sees exchange rate constraints impacting 2015 profits, forecast slight growth for 2016

Coca-Cola Enterprises, the anchor bottler of the newly formed Coca-Cola European Partners has warned that a “difficult operating environment” will affect 2015 and 2016 full-year performances. It said that currency translation is expected to hurt 2015 per-share numbers by about 18 percent.

In October, the company reported a 15 percent drop in net sales for the first nine months of 2015 and announced a few days ago that net sales in the 12 months of 2015 will be “slightly negative”. However, it is forecasting slightly higher net sales for 2016 full-year.

Eastern Distilleries unveils Almondia Brandy


Eastern Distilleries and Food Industries Limited, Onitsha based maker of premium spirits has unveiled the latest addition to its portfolio, Almondia Brandy.

Speaking recently to the media at the product launch in Ikeja Sheraton Hotels, the Managing Director of Eastern Distilleries, Mr. Chris Chidume, said that Almondia is a product of years of research and pragmatic partnership between highly focused individuals and organization with clear and verifiable unique selling points and competitive advantages over its competitors and contemporaries.

Guinness Nigeria donates N5 million to LUTH Eye Centre

To help improve and sustain quality eye care in the country, Guinness Nigeria Plc has donated the sum of N5 million to the Eye Centre at the Lagos University Teaching Hospital (LUTH).

Speaking at the handing over of the money to the hospital administrators, the Chief Medical Director (CMD) of LUTH, Professor Christopher Bode, said that he was thrilled with the brewer’s association with the sustenance of the eye centre for over 50 years. He added that the centre would continue to deliver quality eye care to patients in the years to come.