Earnings Update | GUINNESS | 2020FY

Guinness Nigeria Plc. (GUINNESS), in its recently released 2020FY financial scorecard (Full Year is June) reported a 20.63% slide in revenue to NGN104.38bn (vs. NGN131.50bn in 2019FY) as both domestic and export sales plunged by 17.93% and 72.39% respectively. In Q4:2020 standalone (April – June) which is typically one of the peak periods for sales, the brewer recorded a 72.23% downturn in sales to NGN8.36bn (vs. NGN30.10bn in Q4:2019.

Click on the link below to access the full report:

Earnings Update -GUINNESS 2020FY


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