Nigeria: Guinness Nigeria posts 8.17% increase in turnover in Q3 ended 31 March

Guinness Nigeria Plc on April 27 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%.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .