Daily Archives: January 30, 2018

Guinness Nigeria posts 19% rise in half-year sales

Guinness Nigeria Plc said on Tuesday that half-year sales for the 2017/18 financial year through 31 December 2017 grew 18.6% to ₦70.6bn from ₦60bn in the same period in 2016.

The company behind iconic brands Guinness Foreign Extra Stout and Harp Lager among others said that it recorded ₦2.1bn in profit for the period, from a loss of ₦4.7bn in the prior year. Guinness saw double-digit gains in its value beer segment, driven by Dubic Lager and a 22% sales boost from its mainstream spirits, driven by innovation launches and new formats.