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Guinness Nigeria posts N172.5bn revenue in 9 months

Guinness Nigeria announces change in distribution model for imported brands

Guinness

Guinness Nigeria Plc on Thursday published its Third Quarter report for the period ended 31 March 2023.

The Company reported a turnover of N172.478 billion for the 9 months period, up by 8.17% from N159.445 billion reported the previous year.

Profit after tax of N5.866 billion was reported for the period under review, down by 61.61% from N15.278 billion reported the previous year.

Earnings per share of Guinness stands at N2.68, down by 61.61% from the EPS of N6.98 achieved the previous year.

At the share price of N70, the P/E ratio of Guinness Nigeria stands at 26.14x with earnings yield of 3.83%.

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