Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

The Umuahia, Abia State-based Golden Guinea Breweries Plc has released its unaudited financial statements for the year ended September 30th, 2020.

The brewer recorded Revenue of N424m in the period under review while the Net Assets grew by 40.2% from N2.7bn to N3.8bn.

Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020

Notably, Profits before tax and Profit after tax stood at N18.88mn.

The company listed Total Assets of N5.4bn, Creditors, and Payables of N3.01bn and Total Equity of N3.8bn.

- Advertisement -

The principal activities of the company include brewing, bottling, and marketing of Golden Guinea lager beer, Malta, Eagle Stout and Bergedorf lager beer.

Golden Guinea Breweries Plc was incorporated as a private limited liability company on 26th September 1962 as Independence Brewery Limited. The name was changed to Golden Guinea Breweries Ltd on 6th May 1971 and the company became a Public Limited Liability company in 1978.

The company introduced Eagle Stout to the market in 1967 but between 1967 and 1970, further production was hampered by the Nigerian Civil War. In 1971, the company changed its name to the current one Golden Guinea Breweries. In 1975, the company was revamped and an extension was built by the German firm Coutinho Caro which later participated in an equity offering issued by the firm.

Read Also:  Golden Guinea Releases Year End Results for 2018

Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020

- Advertisement -

The company holds franchise rights to produce and market Golden Guinea Beer, Holsten Brewery’s Bergedorf premium lager beer and Bergedorf Malta in Nigeria.

Majority shares in the company were later purchased by Pan Martine Investments Ltd promoted by Mr. Okey Nzenwa.

- Advertisement -
Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020 - Brand SpurGolden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020 - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Golden Guinea dispels rumours of commencement of full operation

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020 - Brand SpurGolden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020 - Brand Spur

Latest News

Majority Optimistic About Tech in 2021, But Health, Jobs and Environment Top Personal Risk List

Geneva, Switzerland, 22 January 2021 — A new World Economic Forum/Ipsos survey found most adults are optimistic about accessing technology, digital...

Bears Dominated Proceedings in the Equities Market this Week

Equities market closed the week on a bearish note with selloffs witnessed across major tickers. The benchmark All Share Index (ASI) declined by 24bps...

Joeboy Announces Debut Album, ‘Somewhere Between Beauty & Magic’

Looks like Joeboy is going to be the first mainstream artist to drop an album this year. Joeboy has announced his debut album, Somewhere...

TNT Africa muscles up with exciting channel refresh for 2021

Modern and sleek logo, new wrestling show and fresh content on the cards… :  As of 1 February, TNT Africa, home of the best contemporary...

Sonnie Ayere Recognised As ECOWAS Icon Of Societal Development

22ND January, Lagos – The West Africa Youth Council has recognized Nigeria’s Sonnie Ayere as the winner of the ECOWAS Icon of Societal Development...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020 - Brand SpurGolden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020 - Brand Spur