Tag: Guinness Nigeria

News

Guinness Nigeria declares 31% revenue growth

Guinness Nigeria Plc declared a 31% year-on-year revenue increase for the fiscal year that concluded on June 30, 2024. A statement by Guinness on Tuesday said the strong performance was more pronounced in the second half of the year, with revenue growth accelerating to 41 per cent, up from 20 per cent in the first […]

News

Guinness Nigeria record N73.6b loss amid Tolaram takeover

Guinness Nigeria Plc recorded a pre-tax loss of N73.6 billion for the fiscal year ended June 30, 2024, due to the negative impact of currency devaluation on bottom lines. This was disclosed in the financial statement of the company filed with NGX on Saturday. The brewery recently acquired a new owner when parent company Diageo […]

Guinness Nigeria's board director Gbadegesin steps down
Appointments

Guinness Nigeria’s board director Gbadegesin steps down

Guinness Nigeria has announced the resignation of its director, Mrs Tariye Gbadegesin’s from the board. The PUNCH revealed that this is according to a statement signed by Guinness Nigeria’s Legal Director/Company Secretary, Mrs Abidemi Ademola, and the resignation is effective February 24, 2024. It added that Gbadegesin’s departure was consistent with the terms of her recent […]

Guinness Nigeria faces N49bn exchange rate loss
Business

Guinness Nigeria faces N49bn exchange rate loss

Guinness Nigeria Plc incurred a massive N49 billion in exchange rate losses according to information revealed in its full-year results for the period ending June 2023. Compared to N7.15 in earnings per share a year earlier, the stated loss per share was N8.29 kobo. The year’s revenue was N229.2 billion, up 10.9% year over year. […]