[results] Higher Costs Chops Off 7up Margins - Investment - Nairaland
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| [results] Higher Costs Chops Off 7up Margins by chiddy56(m): 4:15pm On Jul 30, 2015 |
[img]http://i0.wp.com/nairametrics.com/wp-content/uploads/2015/07/7up-Neymar.jpg?zoom=1.5&resize=689%2C437[/img] Seven Up Plc released its 2015 Q1 to June results showing pre-tax profits dropped 9.5% to N1.9billion (2014 Q1 N2.1billion. The soft drink company’s profits was hurt mostly by a 14% increase in cost of sales which chopped 67% of revenue this quarter compared to 64% a year ago. Finance cost also rose 61% to N760m. See summary of results below; http://nairametrics.com/results-higher-costs-chops-off-7up-margins/ |
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