Guinness Nigeria Grew PBT by 213.41% in 2017 FYE Despite Increase in Costs

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September 6, 2017/Cowry Asset

Guinness Nigeria Plc today released its financial statements for the year ended 30, June 2017; Revenue increased year-on-year (y-o-y) by 23.48% from N101.97 billion to N125.92 billion. The company also recorded a 90.17% increase in Finance Income to N2.25 billion and a 57.10% increase in “Other Income” to N847.33 million

Despite increases in Finance costs, Administrative expenses and Marketing/Distribution expenses, Profit before Tax grew by 213.41% y-o-y to N2.66 billion from -2.35 billion as Profit after Tax rose by N1.92 billion from -2.02 billion
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