WorldStage Newsonline– Guinness Nigeria Plc, a leading brewing company has released its Unaudited Financial Statements for the year ended 31 December, 2020 with an improvement in fourth quarter (Q4) revenue at N42.327 billion from N41.428 billion in same period in 2019.
The result released at the Nigerian Stock Exchange on Thursday showed that revenue for the full year rose to N72.351 billion from N68.327 billion in 2019.
The brewer’s profit for the Q4 2020 dropped by 68.9% to N524.226 million from N1.686 billion in Q4 2019.
The company slipped into a loss of N317.421 million from a profit of N1.315 billion in 2019.
Guinness Nigeria, a public Company quoted on the Nigerian Stock Exchange, was incorporated in Nigeria on 29 April 1950, as a trading company importing Guinness Stout from Dublin. The Company has since transformed itself into a manufacturing operation and its principal activities continue to be brewing, packaging, marketing and selling of of Guinness Foreign Extra Stout, Guinness Smooth, Malta Guinness, Guinness Gold, Harp Lager, Smirnoff Ice, Satzenbrau Lager, Dubic Malt, Snapp, Orijin Spirit Mixed Drink, Orijin Bitters, Smirnoff Ice Double Black with Guarana, Orijin Zero and Orijin Herbal Gin, Baileys Delight, Gordons Moringa among others
