Guinness Nigeria plc said its revenue rose to NGN29.9 billion and gross profit of NGN10.4 billion for the period ended 30 September 2017 representing a 30% and 24% increase respectively over the same period last year.

The company’s marketing expenses increased by 12% indicating continued investment behind its brands while administrative expenses were reduced by 17% driven by the organisation’s productivity agenda.

Guinness Nigeria plc’s net Sales increased by 30% for the quarter.

The company said the result reflected continued growth within the spirits business as well as the benefit of an expanding portfolio, however this was against the backdrop of lapping the inventory reduction last year.
SOURCE: https://pageone.ng/2017/10/27/guinness-nigeria-revenue/