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Guinness Nigeria posts first annual loss in four years, shares fall

Published 28/08/2020, 13:36
Updated 28/08/2020, 13:42
© Reuters.

ABUJA, Aug 28 (Reuters) - Guinness Nigeria GUINNES.LG
posted an annual loss of 17.07 billion naira ($45 million), its
first in four years, hurt by writedowns and coronavirus-induced
disruptions, sending its shares almost 9% lower on Friday.
The company, which is 54% owned by Diageo DGE.L , posted a
profit of 7.10 billion naira a year earlier.
($1 = 381.0000 naira)

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