trending Market Intelligence /marketintelligence/en/news-insights/trending/iG9H0RV2T3VJItXMOvEwAQ2 content esgSubNav
In This List

Guinness Nigeria fiscal Q3 profit climbs 75.7% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Guinness Nigeria fiscal Q3 profit climbs 75.7% YOY

Guinness Nigeria PLC said its normalized net income for the fiscal third quarter ended March 31 was 1.03 nairas per share, an increase of 75.7% from 59 kobo per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.55 billion nairas, a gain of 75.7% from 880.8 million nairas in the year-earlier period.

The normalized profit margin rose to 5.2% from 3.5% in the year-earlier period.

Total revenue increased 16.7% on an annual basis to 29.48 billion nairas from 25.26 billion nairas, and total operating expenses increased 13.4% on an annual basis to 25.86 billion nairas from 22.80 billion nairas.

Reported net income rose 92.1% on an annual basis to 1.82 billion nairas, or 1.21 nairas per share, from 946.4 million nairas, or 63 kobo per share.

As of May 12, US$1 was equivalent to 199.05 nairas.