Guinness Nigeria Plc post half-year financial results for the half-year ending December 31

Date:

January 26, 2024.

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Azonuchechi Chukwu.

Guinness Nigeria Plc, one of Nigeria’s leading breweries has released its half-year financial results for the half-year ending December 31, 2023.

According to the results, the company recorded a pre-tax loss of N4.43 billion, representing a 161.3% year-on-year decline from the N7.23 billion profit posted in the corresponding period in the previous fiscal year.

In the quarter ending December 31, 2023 (Q2 2024), the company recorded a remarkable pre-tax loss of N8.25 billion, marking a 358.4% decline from the N3.19 billion profit recorded in Q2 2023.

In H1 2024, the company recorded a revenue of N142.6 billion, representing a year-on-year growth of 20.4% year-on-year growth from the corresponding period in the previous fiscal year. During the quarter, Q2 2024, revenue hit N83.06 billion, representing a 26.6% year-on-year growth from the corresponding period in the previous fiscal year.(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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