Mon. Nov 4th, 2024
(Last Updated On: )

Guinness Nigeria released its financial results for the period ended 31 December, 2015.

The result showed that revenue declined by 10% from N55.2 billion in Q2’14 to N49.8 billion in Q2’15, the company also reduced its distribution and admin expenses by 5% from N19 billion in 2014 to N18 billion in 2015.

Profit before tax declined by 65% from N4.6 billion in Q2’14 to N1.6 billion in Q2’15, while the Profit after tax declined by 66% from N3.3 billion in Q2’14 to N1.1 billion in Q2’15.

The CEO of Guinness had stated last year after the release of the Q1 result that the company was affected by the impact of exchange rate devaluation, inflation, an increased share of value brands, together with the phasing of costs.

It will be interesting to see what reasons the CEO will give for the decline in profit in the second quarter.

DOWNLOAD RESULT

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.


February 2016
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
29  
Buying and Selling FX is is easy and Safe on Nairalaw.com Agree What Nigerian Bank you ant To meet Verify and Pay the FX into your Account and Pay The Seller Easy Safe ALL Within The Banking Premises ! You can even walk into Select Banks and Ask To Speak To The Manager Code Word Nairalaw ! If anything goes wrong and you need legal representation . We are Here To Help ! YO CAN DO ONLINE FX DEALS VIA OUR DEAL ARBITER APP FREE . THEY ARE AT YOUR OWN RISK EXCEPT YOU PAY A SMALL CHARGE UPFRONT
BUY 1 MILLION UK US EMAILS AND START RESELLING ON ADVERTIS.I.NG BUY 1 Million UK US EMAILS AND START RESELLING FOR DMCA PLEASE CONTACT US

By admin