Guinness Nigeria Plc has released its half year (H1) unaudited financial statements for the period ended December 31, 2018.
The brewer reported N2.57billion in profit after tax (PAT), representing an increase of about 20.65percent when compared to N2.13billion profit in same period of 2017.
The company closed the H1’18 period with revenue of N67.79billion which represents a decline of about 3.91percent when compared to N70.55billion in H1’2017.
Guinness Nigeria Plc profit before tax (PBT) of N3.79billion in H1’18 as against N3.54billion in H1’18 implies an increase of 7.06percent in the review period.
Its gross profit in the H1’18 period at N20.49percent against N23.99billion implies a decline of about 14.58percent. Operating profit of N4.63billion in H1’18 as against N6.64billion in H1’17 represents 30.27percent decline.
Basic Earnings Per Share (EPS) stood at 118kobo as against 141kobo in H1’17. As at Tuesday January 29, 2019 Guinness share price at N71 represents a decline of 1.4percent this year. The company’s share price had reached a 52-week high of N114 and a 52-week low of N63.
Iheanyi Nwachukwu
