Guinness declares N1.84bn profit in nine months

Guinness Nigeria Plc last week published its Q3 report for the period ended 31 March 2021.

The company for the nine months period reported a turnover of N114.956 billion, up by 19.72% from N96.018 billion reported in Q3 2020.

Profit after tax for the nine months period was N1.838 billion, up by 34.97% from N1.36 billion reported in Q3 2020.

The earnings per share of Guinness increased to 84 kobo from the EPS of 62 kobo reported in Q3 2020.

At the share price of N28.7, the P.E ratio of Guinness Nigeria stands at 30.20x with earnings yield of 2.92%.

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