Guinness Nigeria grows Q2 profit by over 2000%

Guinness Nigeria Plc on Thursday published its Second Quarter report for the six months ended 31 December 2021.

The result shows year on year growth in the company’s top line and bottom line figures.

A turnover of N109.12 billion was reported for the 6 months period, up by 50.83% from N72.35 billion reported the previous year.

Profit after tax grew by 2878.91% to N8.82 billion from the Loss after tax of N317.42 million reported the previous year.

Earnings per share of Guinness grew to N4.03 from the EPS of -14 kobo achieved the previous year.

At the share price of N46.75, the P/E ratio of Guinness Nigeria stands at 11.61x with earnings yield of 8.61%.

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