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Nairaland Forum / Nairaland / General / Business / Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) (6779 Views)
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Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by Nobody: 9:15am On Sep 05, 2017 |
Guinness Nigeria plc has posted N125 billion revenue for the full year ended June 30, 2017, indicating an increase of 23 per cent year-on-year. According to a statement made available by the management to the newsmen, the results, which were released to the Nigerian Stock Exchange (NSE), also showed gross profit of N48.3 billion, which is 16 per cent higher versus the previous year and an operating profit of N10.2 billion, representing an increase of 131 per cent year on year. Commenting on the results, Peter Ndegwa, Managing Director/CEO, Guinness Nigeria, said that the company’s results were driven by a relentless focus on executing our strategy and keeping costs down. He noted :”Despite the challenging economic conditions, we have remained focused on executing our company’s total beverage strategy, which gained further traction with strong growth in our international premium spirits portfolio following our first full year of distribution.” He noted that in December 2015, Guinness Nigeria became the first total beverage alcohol company in Nigeria when it acquired the rights to distribute International Premium Spirits (IPS) including Johnnie Walker Scotch whisky and Bailey’s liqueur in Nigeria. This was quickly followed in January 2016 by the acquisition of the rights to distribute McDowell’s, a United Spirits Limited (USL) whisky brand. Ndegwa also stated: “Our gross profit of N48.3 billion is as a result of volume growth, pricing benefit and a favourable sales mix as we continued to invest in our expanded brand portfolio during the year. Part of that investment includes the N4.7 billion spirits line for locally manufactured spirits, which we commissioned in Benin. These strategic acquisitions and expansions have filled the gaps in the spirits brand base allowing us to compete across all categories of the alcoholic beverage market in Nigeria. We remain committed to executing our productivity agenda with a strong focus on cost reduction, distribution and operational efficiencies.” Also speaking to the results, Mr. Babatunde Savage, Chairman, Guinness Nigeria, said that the company remains committed to the Nigerian market. “It is pleasing to see that the decisions we have taken in recent years have helped to position the company for sustained business growth. We are grateful for the strong support that our shareholders have afforded us over the years. With our continuing focus on driving performance and our determination to positively impact the lives of Nigerians. SOURCE: https://brandspurng.com/guinness-records-n125bn-fy-revenue-23-year-on-year-increase/ 3 Likes 1 Share
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Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by smartty68(m): 9:16am On Sep 05, 2017 |
Why won't they record such increase in revenue when Nigerians drink out of recession/economy frustration. ![]() 18 Likes |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by froz(m): 7:25am On Sep 06, 2017 |
agbo dudu 1 Like |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by rodeo0070(m): 7:01am On Sep 08, 2017 |
True 3 Likes |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by brainpulse: 7:31am On Sep 08, 2017 |
If some major companies and banks are posting huge profits this quarter, then recession is good as gone. Medium and lower/small scale companies, entrepreneurs and market/traders must do a lot and be sincere with their profit margin and shun greed in other to help the economy from there own side. Nigeria traders will not/never want to reduce prices even if there are needs to do so even if it entails their goods spoiling because of greed. Pepsi reduced their prices and still making profits 13 Likes 2 Shares |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by 9japrof(m): 7:31am On Sep 08, 2017 |
It could only mean one thing, we keep drinking irrespective of the recession. Why wouldn't we drink away our sorrows so that we can think less of this Shitty politicians we have here 7 Likes |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by lafuria1(m): 7:31am On Sep 08, 2017 |
and the wailers say we are not out of recession. 4 Likes 1 Share |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by Rowlandjude(m): 7:32am On Sep 08, 2017 |
Not surprised Jare, with the numbers of people loosing Jobs up and down, next is to shayo and forget their problems. ![]() 1 Like |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by modextus(m): 7:33am On Sep 08, 2017 |
Guinness recruit me into your company I'll be a great addition. |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by orijintv(m): 7:33am On Sep 08, 2017 |
Udeme Everyones Favorite. I'm Sure Nigerians Bought 75% Of The Said Revenue Cos Alcohol Is Actually One Of The Things That Unites And Makes Us Happy In This Country. 6 Likes 1 Share |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by Rexphobia(m): 7:33am On Sep 08, 2017 |
Banks are expected to give loans to the real sector like Guinness. Zenith Bank profit : Close to N100b (Half year) Guinness : N48.3b (Full year) And someone thinks something is not wrong with our financial services industry ![]() 13 Likes 3 Shares |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by PissedOffWeed(m): 7:34am On Sep 08, 2017 |
I suspect they even reduced the amount! Nigerians wey dey drink with the aim of drinking away their senses together with their self inflicted sorrows! 2 Likes 1 Share |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by MustiizRaja(m): 7:34am On Sep 08, 2017 |
awon weyrey |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by itiswellandwell: 7:35am On Sep 08, 2017 |
To all the shayo candidates, Una weldone ooooooooooooooooooooooooo... Check my signature for ongoing promo of our full capacity powerbank 1 Like |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by Nobody: 7:35am On Sep 08, 2017 |
Drunkards everywher!! 1 Like |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by omenkaLives(m): 7:35am On Sep 08, 2017 |
Gradually but surely, we are finding our way outta the woods. Thank goodness. ![]() 2 Likes 1 Share |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by sunshineV(f): 7:35am On Sep 08, 2017 |
smartty68: Poverty in Nigeria but Nigerians will still drink |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by NothingDoMe: 7:38am On Sep 08, 2017 |
smartty68:APC boys are coming for you |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by bolubillionaire(m): 7:39am On Sep 08, 2017 |
Guiness brand is not exclusively alcoholic. Guiness has a wide range of beverages, most of which are consumed on a very large scale... This was expected. 2 Likes |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by sarrki(m): 7:39am On Sep 08, 2017 |
That's my 1751 3 Likes |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by sarrki(m): 7:40am On Sep 08, 2017 |
bolubillionaire: The gidigan is the black bottle Bitter in nature |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by NothingDoMe: 7:40am On Sep 08, 2017 |
lafuria1:If that is how you judge recession exit then I am so sorry for you. Nigerians consumed that liquor. It was not exported. As long as we continue to "consume" we will never move forward. |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by smartty68(m): 7:40am On Sep 08, 2017 |
NothingDoMe:Is the plain truth 1 Like |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by sarrki(m): 7:40am On Sep 08, 2017 |
1 Like |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by Nbote(m): 7:43am On Sep 08, 2017 |
Beer parlours and bars are d best places to think about how frustrating dis country is without being suicidal |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by NothingDoMe: 7:44am On Sep 08, 2017 |
sarrki:Archived! 1 Like
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Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by GavelSlam: 7:52am On Sep 08, 2017 |
Was this one doctored too? |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by Nobody: 7:52am On Sep 08, 2017 |
Revenue- N125b Gross profit- N48.3b Operating profit- N10.2b 2 Likes |
Re: Guinness Records N125bn Fy Revenue (23% Year-on-year Increase) by donbrowser(m): 7:57am On Sep 08, 2017 |
Oya |
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