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Guinness Nigeria Plc

2018: Guinness Nigeria reports 249% hike in profit

UGO AMADI

Guinness Nigeria Plc delivered a solid performance in the year ended 30 June 2018 as revenue increased by 14% from N125.92 billion in June 2017 to N142.98 billion. The results, which were released to the Nigerian Stock Exchange (NSE), also showed improved operating margin, as benefits from the company’s productivity program more than offset sustained cost pressures.


L-R Chairman, Mr. Babatunde Savage, Managing Director/CEO, Mr. Peter Ndegwa and Finance & Strategy Director, Mr Ron Plumridge, all of Guinness Nigeria Plc at the Extra Ordinary General Meeting of the company which held at the Oriental Hotel, Lagos state this afternoon.


L-R Non Executive Director, Mr. Bismark Rewane; Vice-Chairman and President, Diageo Africa, Mr John O’Keffe; Company Secretary, Mr. Rotimi Odusola; Chairman, Mr. Babatunde Savage, all of Guinness Nigeria Plc at the Extra Ordinary General Meeting of the company which held at the Oriental Hotel, Lagos state this afternoon.


L-R Vice-Chairman and President, Diageo Africa, Mr John O’Keffe, Chairman, Mr. Babatunde Savage, Managing Director/CEO, Mr. Peter Ndegwa and Non Executive Director, Mr. Bismark Rewane all of Guinness Nigeria Plc at the Extra Ordinary General Meeting of the company which held at the Oriental Hotel, Lagos state this afternoon.

For a better society

Guinness Nigeria Plc, yesterday announced that it will be establishing a 10 Billion Commercial Paper (“CP”) programme, with the view to launching its inaugural CP issue on or before Friday, 8th May 2015. The announcement was made at the signing ceremony which held at the company’s headquarters in Ikeja, Lagos.

 

Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its quarterly results for the nine months period ended 31 March 2015. The announcement which was made to the Nigerian Stock Exchange, revealed a 17% increase in net sales for the quarter year on year and a 47% growth in operating profit when compared to the same period last year.

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