Guinness Nigeria reports N4.03bn as profit in 6 months

Guinness Nigeria Plc has published its Second Quarter result for the 6 months ended 31 December 2022.

The Company reported a revenue of N118.45 billion, up by 8.55% from N109.12 billion reported the previous year.

Profit after declined year on year by 54.37% to N4.025 billion from N8.821 billion reported the previous year.

The earnings per share of Guinness for the period under review stands at N1.84, down by 54.37% from the EPS of N4.03 reported the previous year.

At the share price of N72.7, the P/E ratio of Guinness stands at 39.57x with earnings yield of 2.53%.

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