Business
Golden Guinea Breweries declares N225.88m loss in March 2021 year end
Adebayo Obajemu
Golden Guinea Breweries on Wednesday published its Audited Financial Statement for the year ended 31 March, 2021.
A turnover of N1.463 billion was reported, up by 71.50% from N853 million reported the previous year.
The company declared a loss of N225.879 million for the period under review as against the loss of N137.274 million reported the previous year. Earnings per share depreciated further to -22 kobo form the EPS of -13 kobo.
At the share price of 81 kobo, the P.E ratio of Golden Guinea Breweries stands at -3.67x with earnings yield of -27.21%.