Guinness Nigeria reports N159.44bn as turnover in 9 months, PAT rises by 731%

Guinness Nigeria Plc has published its Third Quarter report for the 9 months ended 31 March 2022. The result shows significant growth in the company’s top line and bottom line figures.

The company reported a turnover of N159.44 billion for the nine months period, up by 38.70% from N114.96 billion reported the previous year.

Profit after tax grew year on year by 731.23% to N15.278 billion from N1.838 billion reported in the corresponding period the previous year.

Earnings per share of Guinness stands at N6.98, up by 731.23% from the EPS of N0.84 reported the previous year.

At the share price of N93, the P/E ratio of Guinness Nigeria Plc stands at 13.33x with earnings yield of 7.50%.

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