Guinness Nigeria records 32% decline in half-year pre-tax profit

Guinness Nigeria, a subsidiary of Diageo Plc of the United Kingdom, said on Monday its half-year pre-tax profit fell by 32 percent to N6.41 billion ($39.34 million).

Gross revenues fell to N52.75 billion during the period to December 31 from 60.87 billion a year earlier, the local unit of Diageo said in a filing with the Nigerian Stock Exchange.