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Guinness Nigeria Announces N118 Billion Revenue In 2015; Proposes N4.8 Billion Dividend

By Bemigho Awala
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Guinness Nigeria Plc announced its full year results for the period ended 30th June 2015 reporting a 9% increase in net sales during the year.

The results reflect strong volume growth on the back of year-on-year impressive performance of its innovation and value brands.

Commenting on the results, the Company’s Managing Director/Chief Executive Officer, Mr. Peter Ndegwa observed, “We delivered a 9% increase in net sales during the year in a tough trading environment largely driven by the growth in our RTD category and value beer segment. Our gross profit also grew by 9%. During the year, we continued to invest significantly behind our brands and our route to consumer expansion and these, together with the high interest environment, have driven a profit before tax decline of 8%”.

The Board of Directors of the Company has also recommended, subject to approval at the next Annual General Meeting, slated to hold on 26th November 2015, the declaration of dividend of approximately N4.82 billion in respect of the year ended 30 June 2015, that is, 320 kobo per 50 kobo ordinary share. The dividend recommended, if approved at the Annual General Meeting will be paid to shareholders on 27th November 2015.

On his part, Mr. Babatunde Savage, Chairman of the Board of Directors of the Company stated, “The current economic environment is challenging for all companies but we look forward to an improvement in the operating environment and are positioned to take advantage of improving consumer confidence that may occur as a result”.

About Guinness Nigeria and Diageo
Guinness Nigeria Plc is a leading alcohol beverage manufacturer in Nigeria and one of the oldest companies in Nigeria. Listed on the Nigerian Stock Exchange in 1965, Guinness Nigeria is also one of the foremost quoted companies in Nigeria having built its first brewery in Ikeja in 1962, and currently has facilities in Ogba, Benin City and Aba.

Brands from the stables of Guinness Nigeria include Guinness, Foreign Extra Stout and Extra Smooth, Malta Guinness, Harp Lager, Dubic Lager, Snapp and Orijin.

Guinness Nigeria Plc is a member company of Diageo Plc; the world’s leading premium drinks business with an outstanding collection of brands such as Johnnie Walker, Smirnoff, Ciroc, J&B, Baileys, Cuervo, Tanquery and Captain Morgan amongst others.

Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits, beer and wine categories. These brands include Johnnie Walker, Crown Royal, JεB, Buchanan’s, Windsor and Bushmills whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company, and our products are sold in more than 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo’s global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice.

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