ShowYourCertificate:
Shoddy response!

How can a company with an increased revenue (3%) still end up making a huge loss (76%).

Where did you see a huge loss of 76%?

Yet you arrogantly call another person a dullard?

Cover your face! And go back to school!

Obrigardo:
The christians and moslems will be happy about this. high time beer and cigarette companies start announcing loss so they go out of business. Hypocrites!

so unemployment rates wil increase?and crime rate also?

bbjummy:

I don't have one or better still I'm waiting to lend yours or won't you lend me? Free me abeggy

This makes it obvious. I wish you well.

Always remember that those who live in glass houses should not throw stones.

Activa:


Keep exposing your ignorance and bias.

You're not SURE of the cause yet you rushed to blame!

Again, the issues in Guinness started long before this year.

This is the highest decline ever! I don't think any company would survive this kind of decline. 76% reduction in profit? Buhari is certainly a dullard. People thought he could fix things.

Activa:


Where did you see a huge loss of 76%?

Yet you arrogantly call another person a dullard?

Cover your face! And go back to school!

Bros stop hating. We are supposed to engage ourselves in a healthy argument, not hating .

A 76% reduction in profit is certainly a huge loss.

Osyxcel:
What are the factors that account for the increase in cost of sales?

What are the activities from which the "other income' are gotten from? Obviously, the profit decline is causes mainly by the drop in other income

Oya, let's start from there. Since sales slightly increased, that means guys still dey drink wella

There is an increase in revenue so consumer behaviour hasn't changed.

The drop in Other Comprehensive Income is likely to be due to the fact they recognised a gain on disposal of an asset last year and have disposed no assets this year.

The increase in Cost of Sales is 18%. . .3% of which you can tie to increase in revenue. . .so 15% needs explaining. . . I am almost certain that this is due to Foreign Exchange loss and increased Fuel cost, especially if the items that make up their Cost of Sales are sourced in dollars.

AZeD1:

Guinness didn't make a loss, they made a profit, just 76% less.

It's still a loss in relative economics terms. Just like words opportunity cost and real cost in relative economics parlance.

themilanway:


:DSo because Nigeria's population is on the rise,Guiness or rather the populist ought to drink Guiness products more?

Go school you no gree go and you dey ask for person certificate.

Ewu.

Please read your economics textbook very well because increase in population increase demand for goods and services

it's called cooking the books (shady accounting) to lower or avoid the tax bill. hundreds and perhaps thousands of global companies do it. many governments don't have the accounting and judicial infrastructure in place to handle the problem.

Activa:


This makes it obvious. I wish you well.

Always remember that those who live in glass houses should not throw stones.

Tell that to yourself and remind your entire household too okay!! I'm done. Good night

Obrigardo:
The christians and moslems will be happy about this. high time beer and cigarette companies start announcing loss so they go out of business. Hypocrites!

Are you from South Africa?

ShowYourCertificate:
It's still a loss in relative economics terms. Just like term opportunity cost and real cost in relative economics.

I'm sure you believe that what you typed up there makes sense.

There is an increase in Revenue but a drop in Other Comprehensive Income. Other Comprehensive Income is usually due to a gain on disposal of assets when an asset is sold for more than the carrying value recognised on the balance sheet. It is not an operating income.

Operating income ie income derived from sale of beer is up 3%. Buhari has not stopped Nigerians buying Guiness, have no fear.

Stop trying to make simple things political.

bbjummy:

Tell that to yourself and remind your entire household too okay!! I'm done. Good night

Of course you're already done and fried.

Na me say make you go punch above your weight?

asuustrike2009:

Please read your economics textbook very well because increase in population increase demand for goods and services

Stop defending the indefensible. olodo

ShowYourCertificate:
It's still a loss in relative economics terms. Just like words opportunity cost and real cost in relative economics parlance.

see the absolute nonsense that the person that called Buhari a dullard typed!

Na accounting we dey talk here o

E don tay wey you dey do am. God don catch you today.

Ibime:


I'm sure you believe that what you typed up there makes sense.

There is an increase in Revenue but a drop in Other Comprehensive Income. Other Comprehensive Income is usually due to a gain on disposal of assets when an asset is sold for more than the carrying value recognised on the balance sheet. It is not an operating income.

Operating income ie income derived from sale of beer is up 3%. Buhari has not stopped Nigerians buying Guiness, have no fear.

Stop trying to make simple things political.

Dont waste your time with him.He will defeat you with his own ignorance.

Common sense they don't have.

ShowYourCertificate:
A whole Guinness? 76% loss? That's massive. Our economy is on a steady decline. Buhari is a certified dullard. It's now confirmed.

Each Company has its own new year which must not necessarily be January. That of Guinness is July thus its first quarter for the year is July, August and September. The dullard president was sworn in before then. This makes him responsible.

You and everyone who support you must be complete mor0ns.

How is the drop in profit of Guinness Buhari's fault Do you even think at all

When Guinness is busy tagging high prices on their products, what do they expect will happen Especially when their major conpetitor (NB) is selling affordable alcoholic beverages. Do a simple market survey;

Guinness big stout N350 - Legend Stout N250
Orijin N350 - Ace Root N250
Harp N250 - Goldberg N200

Tell me please why they wouldn't have losses

Nonsense!!!

themilanway:


Dont waste your time with him.He will defeat you with his own ignorance.

Common sense they don't have.

Na only uncommon stupidity dem get

Activa:


see absolute nonsense that the person that called Buhari a dullard typed!

Na accounting we dey talk her o

Just admit you don't understand what I just typed and I will explain it to you further. Accounting goes beyond addition and subtraction. There's calculus in accounting too. So you don't only look at Profit (P), but also look at its Differential (DP/Dt)

ShowYourCertificate:
Bros stop hating. We are supposed to engage ourselves in a healthy argument, not hating .

A 76% reduction in profit is certainly a huge loss.

Then stop calling anyone names.

ShowYourCertificate:
Just admit you don't understand what I just typed and I will explain it to you further. Accounting goes beyond addition and subtraction. There's calculus in accounting too. So you don't only look at Profit (P), but also look at its Differential (DP/Dt)

Ok, explain further.

Ibime:


I'm sure you believe that what you typed up there makes sense.

There is an increase in Revenue but a drop in Other Comprehensive Income. Other Comprehensive Income is usually due to a gain on disposal of assets when an asset is sold for more than the carrying value recognised on the balance sheet. It is not an operating income.

Operating income ie income derived from sale of beer is up 3%. Buhari has not stopped Nigerians buying Guiness, have no fear.

Stop trying to make simple things political.

And what leads to a drop in comprehensive income? Don't external economic factors play a role there?

I never said there was a reduction in the sale of beer, infact I admitted there was an increase in sales. This further begs the question why the company would make such loss despite the increase in sales. External factors, especially due to government fiscal policies, is the responsible culprit here.

Activa:


Then stop calling anyone names.

Did I call you names? I've been civil with you. Or you related to the daurian dullard?

wristbangle:
This is a company I scaled through their recruitment process for the position of sales only for them to send a broken hearted mail that the position has been cancelled.

The problem with guinness Nigeria plc starts from mismanagement, non improvement of product brand, less aggression to their marketing campaign, and other factors.

If not for the introduction of orijin, they wouldn't have recorded any profit but then again heineken breweries (aka Nigeria Breweries Plc) has really taken the alcoholic market from them.

bro...ur there!.. Drinkz like harp no longer sale....

I can say itz mainly due high level of competition

NB: Nigeria breweries can do anything to beat other company

Q1 is jan-march, was PMB the president then. Guys read before you comment, stop politicising every issue on NL. Moreover whatever is happening to Nigeria's economy today is as a result of mismanagement of funds by the past administration. Can u compare an average income of 113$ per barrel to 47$ per barrel yet Buhari met a very depleted foreing reserve. It isn't too much if d previous govt. had left over $100b. in d FR.

Evil wind of Change blowing in the Zoo; the brag that they want to move from Good luck to hard work

themilanway:



Stop defending the indefensible. olodo

hahaaaaa but you need to know that he making some sense here. Why do you think most companies are eyeing Nigeria market? Although population might not be the only factor that caused decline

Activa:


Na only uncommon stupidity dem get

Na so dem go dey display their stupidity about

Useless people

Fremlin:


bro...ur there!.. Drinkz like harp no longer sale....
I can say itz mainly due high level of competition
NB: Nigeria breweries can do anything to beat other company

why can't NB do the same for coco cola. I don't like the way Golds Spot died

Activa:


Ok, explain further.

Ok, let me give an illustration. If you have a bus that fetches you 1000 naira every day. 1000 naira is your profit for the day since all the net expenses (not gross) for the day has been deducted. It is out of this profit that you'll pay school fees, pay house rent and buy food stuffs (gross expenses). Now, imagine that the returns from the bus reduces to 340 naira! Of you course you still made a net profit (P) of 340 naira but your DP/Dt is negative. You've actually made a loss in a strict accounting terms cost your net profit curve will be on a decline.

ShowYourCertificate:
And what leads to a drop in comprehensive income? Don't external economic factors play a role there?

I never said there was a reduction in the sale of beer, infact I adnitted there was an increase in sales. This further begs the question why the company would make such loss.

There is no loss.

Drop in other income is likely due to the company selling a piece of property/plant/equipment last year but not this.

If your company owns a piece of land valued in your balance sheet at N100k and you sell it for N1m, you have to declare N900k in Other income. In next years accounts, if you don't sell any land, your Other Income would have dropped by N900k on a comparative basis.

This is what has most certainly happened in Guiness case and has nothing to do with politics.

Where you can possibly bring politics into it is to state that Cost of Sales has increased by 18% and this may be caused by increase in fuel costs or inflation or maybe Guiness buy their raw materials in dollars and Naira has devalued since last year so Cost of Sales has increased.