[Corporate Action] 7UP Records 50% Drop In Pre-tax Profits

Seven Up Bottling Co Plc, released its financial results for the nine months ended Dec 31, 2015.

The result showed that revenues rose marginally by 0.66% from N59 billion in 2014 to N60 billion in 2015.

The company also reduced its operating expenses by 15%, from N15 billion in 2014 to N12 billion in 2015.

Pre-tax Profits however dropped by 50% from N5.8 billion in 2014 to N2.8 billion in 2015, while Profit after tax dropped by 50.89% from N4.5 billion in 2014 to N2.2 billion in 2015.

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The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


January 2016
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