Guinness posts N2.5bn PAT in H1’18

 

Guinness Nigeria Plc, on Wednesday 30th January, 2019 published its unaudited financials for the six months ended Dec. 31, 2018. The report shows a growth in Profit after Tax (PAT) by 21.06 percent from ₦2.13billion to ₦2.58billion.

Gross Earnings for the period under review dropped by 3.91percent from ₦70.5billion recorded in the corresponding period of 2017, to ₦67.7billion in the current period under review.

The current earnings per share increased to N1.18 kobo from N0.97 kobo reported same period 2017.

The company’s current PE ratio settled at 60.30x and earnings yield of 1.66% at N71 reference stock price.

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