Guinness Nigeria Plc, on Wednesday said that net profit for its first-half of the year through 31st December 2018 grew by 21% to N2.6bn, helped by a sharp drop in net finance charge by 73% to N845m.
The maker of Guinness Foreign Extra Stout said that the lower finance charge was driven by the rights issue it initiated in 2017. The brewer noted that the benefits of the lower finance charge more than offset a 30% decline in Operating Profit in a challenging operating environment.
Nigerian Breweries Plc has announced Mrs Sade Morgan as its Corporate Affairs Director and member of its executive committee reporting in this capacity to its Managing Director/Chief Executive Officer, Mr Jordi Borrut Bel.
In her new role, Morgan will strengthen the company’s non-crisis stakeholder relations and drive a strategy led relationship with government, regulatory organisations, host communities, the media and non-governmental organisations to reinforce the company’s philosophy of Winning with Nigeria.
