Guinness Records N15.28bn Quarterly Profit

Guinness Nigeria, a subsidiary of Diageo Plc, said its profit after tax rose by 731 per cent to N15.28bn in the first quarter of 2022 financial period.

The beverage company said in a statement that its revenue rose by 39 per cent to N159.44bn as of the end of the first quarter of the current year.

Commenting, the Managing Director/Chief Executive Officer, Guinness Nigeria Plc, Mr Baker Magunda, said, “In the first nine months of fiscal 22, Guinness Nigeria continued to grow on the back of the strong recovery in the first half of fiscal 22.

“The business has delivered growth in the face of the challenging operating environment characterised by rising inflation and forex challenges in the three months ended 31 March 2022.

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