The shareholders of Guinness Nigeria Plc may have cause to smile as the Company had shown resilience in its financial performance by bouncing back to profitability.
Despite the operating environment challenges, the Company recorded improved performance in major performance indicators with its revenue growing by 58 per cent to N47.46 billion for the first quarter period ended , 30 September 2021, Q1’21 from N30,024 billion in the corresponding period, Q1’20.
We remain confident in our People, and in the execution and resilience of our Total Beverage Alcohol strategy as a key driver of sustainable growth in the market.” Managing Director/CEO, Guinness Nigeria Plc, Baker Magunda said.
Meanwhile, the Chair person of the Board of Guinness Nigeria, Dr. Omobola Johnson had assured shareholders during its last Annual General Meeting, AGM that “the Board will continue to support Management in its efforts to sustain global best practices aimed at consistently delivering business growth for stakeholders.”
“We remain confident that the strategy is comprehensive and robust, and that we are making the right investments in the company to ensure our long-term competitiveness” she said.