Guinness Nigeria Reports N12.6bn Loss in 2020

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    Guinness Nigeria Plc has reported N12.6billion loss in its full year ended June 30, 2020 results as against N5.48 billion profit reported in prior year results.

    The breweries manufacturing company in its results to the Nigerian Stock Exchange (NSE) on Friday disclosed that revenue dropped significantly by 21 per cent to N104.4 billion in 2020 from N131.5 billion reported in 2019.

    With the worst performance in recent years, the company in 2020 financial year has failed to declare dividend to shareholders.

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