As part of DIAGEO, we are the world's leading premium drinks company with amazing, iconic brands, we are an inspiring place to be, our purpose is to celebrate life everyday and everywhere. Guinness Nigeria Plc‟s head office is situated at 24, Oba Akran Avenue, Ikeja, while its 3 brewery plants are Share Price Currently Stands at N46.75 k By Yakubu LAAH InvestAdvocate. www.guinness-nigeria.com Sector Consumer Defensive. We use cookies to collect information about how you use our website. slide 1 of 1. Profit After Tax increased 110% Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June, 2021 revealing a 110% increase in profit after tax, with double digit revenue growth across all key categories despite the impact of COVID-19 restrictions and ongoing economic challenges. Supervision of daily, weekly, month end and year end Stock reconciliations for all Diageo and Guinness products. Entry of SAB Miller and their investment in greenfield plants is likely to remove some of the grip that Nigerian Breweries and Guinness Nigeria hold on the market - currently 95%. Profit slumped by 129 percent from N5.48 billion earned in 2019 for the same period. He also expressed his unwavering love for Guinness Nigeria, Diageo, and the company's well-known brands. NGN. by The Cable NG Feb 11, 2015 Guinness Nigeria is still headed downward in terms of profit performance in the current financial year ending June. While the NSE Consumer Index, the gauge used to measure performance of all consumer companies, has been the worst performer year to date. Babatunde Savage was appointed Chair of the Board of Guinness Nigeria Plc. Read Momoa's official statement below. Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June, 2021 revealing a 110% increase in profit after tax, with double digit revenue . GUINNESS NIGERIA : Nig plc-notice of preferred filing option for the submission of fourth quarter and annual audited financial statements. This is according to a recent notice issued by the brewing giant and filed with the Nigerian Exchange Limited (NGX), as […] +10.00%. In 1965,Guinness Nigeria limited became a public company and was one of the first companies to be quoted in Nigeria stock exchange with shares being offered to Nigerian shareholders, 1200 Nigerian held 20% of the equity. Most Recent Earnings Sep 30, 2021. Guinness Nigeria. Guinness Nigeria Plc recently released its Full-Year 2020 results ended June 2021, revealing impressive top and bottom-line growth as the beer company's Spirits Division contributed N35.29 billion to overall year-on-year revenue. "God did it again" - 32-year-old gospel singer says after marrying 51-year-old lover on birthday Advertise with us Reach out to us at ads@pulse.ng or +2349139294451 to advertise with us. The brewing company closed its last financial year. 12 January: Today Guinness announced plans to introduce the first zero emission vehicles into its iconic Quality fleet from this summer, driven by a team of dedicated and passionate experts who work to make sure consumers can enjoy beautiful, great tasting pints of Guinness. Bayode Olawunmi-Treasure and four other Nigerians have broken the Guinness record for reading. It further said its Annual General Meeting has been slated for Wednesday, October 25, 2017. - Worked with cross-functional teams (supply planning, procurement, customer marketing, commercial and technical teams) to deliver agreed innovation . Shareholders of Guinness Nigeria Plc have approved the N1.00 8billion dividend declared and recommend­ed by the board of the company at the 71st Annual General Meeting held in Lagos. Sales in 2011 amounted to 850 million litres (190,000,000 imp gal). The historical Guinness stout Brewery is located at OBA AKRAN in ikeja, Lagos. www.guinness-nigeria.com Sector Consumer Defensive. Industry Beverages - Brewers. Guinness Nigeria Plc has announced the retirement of Mr Babatunde Savage from its Board of Directors with effect from June 30, 2021. Guinness Nigeria is and will always be family to me." Johnson's appointment will become effective on July 1, 2021, when she is expected to lead the alcoholic company with her 30 years . The . Entry of SAB Miller and their investment in greenfield plants is likely to remove some of the grip that Nigerian Breweries and Guinness Nigeria hold on the market - currently 95%. Recall that Guinness Nigeria Plc reported revenue of N96.08 billion for the nine months that ended March 31, 2020, showing a fall of 5.3% compared with N101.40 billion recorded in the corresponding year of 2019. Guinness Nigeria Plc recently released its HY 2021 results ended December 2021, revealing impressive top and bottom-line growth, with Revenue standing at N109 billion, as the beer company's Malts Division contributed N39.28 billion to Half-year 2021 revenue. Making this disclosure at the weekend was the Chairman, Board of Directors Babatunde Savage. Dr. Omobola Johnson, a pioneer Nigerian Minister of Communication and Technology and a member of the . Savage, who has been the chairman of the board for nearly 12 years, will be replaced by a former Nigerian Minister of Communication Technology, Dr Omobola Johnson, according to a statement on Tuesday. Guinness Nigeria traded at 50.50 this Thursday February 10th, increasing 1.95 or 4.02 percent since the previous trading session. Guinness Nigeria Plc has announced that its Chief Executive Officer, Peter Ndegwa, will be stepping down at the end of the 2018 financial year, after three years in the role. The rally witnessed in the shares of Guinness positively influenced the company's market capitalization from N109.52 billion to N120.47 billion at the end of today's trading activities, taking the gains to N10.95 billion. Guinness Nigeria, a subsidiary of Diageo Plc, and a leading total beverage alcohol company in Nigeria has posted N47.46 billion revenue for its first quarter period ended 30 September 2021. . Over the last 12 months, its price rose by 150.00 percent. This indicates that the 4% drop is. This is Following the adverse impact of the sharp contraction in economic activities and the knock-on effect of the national lockdown occasioned by the Covid-19 pandemic, which has been taking a toll on the on-trade segment of its business across all its markets. In addition, financing cost rose by 97% to N3.582 billion compared to N1.817 billion recorded in 2019. These adjustments follow an impressive set of results in Q3 '21 (end March '21), after renewed demand post-COVID-19 lockdown and price increases. Inorganic expansion into lower end beer ranges. As at 2012 year end, the volume of the Nigerian beer market was estimated at 20mhl, with an estimated annual growth rate of 5 - 7% until 2020. Lagos (INVESTADVOCATE)-Guinness Nigeria Plc Monday offered investors of the company a -12.5% lower dividend in its 2013 audited year.. Guinness Nigeria PLC ended the period with a profit after tax of N1.672 billion, plunging by 60% from N4.252 billion recorded in 2019. The brewing company registered a big leap in profit. More capacity coming onstream imminently, especially Ogba and Benin. Price History Mr. Babatunde Savage, the long-serving and indefatigable Board Chair of Guinness Nigeria, has given notice that he will retire on June 30, 2021. Guinness Nigeria Signs Sponsorship Deal With 5 Nigerian Clubs s and Guiness Nigeria Plc. Looking ahead, we forecast Guinness Nigeria to be priced at 46.25 by the end of this quarter and at 43.95 in one year, according . Ozioma Ubabukoh. Guinness Nigeria Plc, the foremost Total Beverage Alcohol company in Nigeria and a subsidiary of Diageo Plc, has continued its path to sustained growth with an impressive 266% increase in its Operating Profit as stated in the unaudited results for the first half-year period ended 31st December 2021. Profit before tax grew by 902.47% from N1.3bn to N13bn. 1 Guinness Nigeria recorded N17.2b loss in yearend - The economic headwinds impacted the profit of Guinness Nigeria Plc during the current operating year of the company, The Nation has learnt. GUINNESS NIGERIA PLC generates $267.20 million in sales (USD). Shareholders funds also grew by 74 per cent from N42,943Bn in 2017 to N74,786bn in 2021.This is no mean performance to both shareholders and analysts given the harsh . Baileys Delight is a light and lush cream liquor which blends the luscious taste of African honey with real dairy cream, from the . Based on the current growth rate, sales revenue is projected to be in the region of N137 billion for Guinness Nigeria at the end of its 2019 financial year. At the 70th Annual General Meeting (AGM) of the company held yesterday, Guinness Nigeria Plc has assured shareholders of a determined return to profitability after Covid19-induced disruptions . GUINNESS is not available where I live. Close. Guinness Nigeria is in the second year of turnaround in which its return to profit in the preceding financial year is speeding up to high growth. Profit before tax of N3.50bn against N41.40mn in Q1 2018; up +243% y/y Guinness Nigeria Plc has informed the public about the material circumstances that will impact its full-year financial results for 2020. The shares of Guinness Plc have gained 41.03% from year-to-date, starting the year at N39.00 and currently traded at N55.00. GUINNESS is most popular in Great Britain, followed by Ireland, Nigeria, United States and Africa. Guinness Nigeria work environment is one that allows you to play to your strenght. Fiscal Year End Jun 30, 2022. Looking back, over the last four weeks, Guinness Nigeria gained 22.87 percent. 01/28. 11/27 Barron's Black Friday Disappointed This Year—at Least Online 11/27 This couple retired 2 years ago on about $27,000 a year. Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June, 2020 revealing a decline in profit after tax at N12.57bn resulting from the significant impact of COVID-19 lockdowns and ongoing economic challenges. The clubs, Sunshine Stars of Akure, Dolphins of Port Harcourt, Lobi Stars of Markudi, Heartland of Owerri and Enugu Rangers, now have shirt branding contracts with one of Guinness Nigeria's brand, Harp Premium Lager. There are 524 companies in the GUINNESS NIGERIA PLC corporate family. Guinness Nigeria Plc released its Q2 2022 Unaudited results for the period ended December 31st, 2021. PU. Momoa, 42, and 54-year-old Lisa met in 2004, and got married in 2017. Making this disclosure at the weekend was the Chairman, Board of Directors Babatunde Savage. Rutherford will find herself in the Guinness World Records book after setting the mark that had been held by 30-year-old American aviator Shaesta Waiz since 2017. They have a 14-year-old daughter, Lola, and 12-year-old son, Nakoa-Wolf. End-of-day quote Nigerian Stock Exchange - 02/11. More capacity coming onstream imminently, especially Ogba and Benin. Guinness Nigeria has a population size of 800+ people (excluding 1500 third party Contractors). However, as a result of high cost of living, reduced disposable . S ales soared 40pc as pub trade reopened last year. "Nigeria's share of France's initiative to . Guinness Nigeria Plc posted a profit before tax of ₦9.9 billion at the end of the 2018 financial year, the company's results released by the Nigerian Stock Exchange have shown. LAGOS, Aug 2 (Reuters) - Brewer Guinness Nigeria is shifting its focus from premium brands to the "lower end" volume market in order to boost sales and revive profits, it said in its rights issue share offer prospectus. Alphonse's mother, Sabrina, is the half-sister of the tennis superstars . The ambition is for 70% of the Quality fleet to be zero emission by the end of 2025, and 100% by the end of the decade. This is coming as the company recorded a 54 per cent increase in revenue for the year ended June 30, 2021. Report. The audited results which were released to the Nigerian Stock Exchange (NSE) at . There is so much focus on capability building and there is an appreciation of the "man behind the desk". Key Highlights Revenue grew by 50.83% from N72.4bn to N109bn. In spite of declining consumption since 2001, it is the best . Last year, Guinness Nigeria paid a final dividend of N753 million, representing 50 kobo per ordinary share. 02/04. Guinness Nigeria has worked toward increasing the amount of goods sourced locally in the past 18 months to make savings through the reduction of imports, a strategy that will also ease the need for foreign currency, he said. APCON had earlier in the year sanctioned Guinness by suspending the company's certificates for alcoholic beverages advertising for failing to adhere to the 'watershed' timing of beaming advertisement of alcoholic drinks to Nigerian viewers during the 2012 AFCON football fiesta in South Africa, and the recently concluded English . 0.00%. - Led the management of innovation projects end-to-end from conception to launch including post-launch Brand Management. Inorganic expansion into lower end beer ranges. Guinness Nigeria Plc has granted approval of N1.008 billion in dividends for its shareholders as the company saw a 54 percent rise in revenue for the year ended June 30, 2021. Fiscal Year End Jun 30, 2022. In the last five years from 2017 to 2021, Guinness Nigeria has grown its revenue by 27.3 per cent in 2017 to 160,416bn in 2021; Profit before tax also grew 116.7 per cent in 2021. Guinness sees inflation squeeze as shareholders toast return of the pint. In the fourth quarter of its financial year 2020, Guinness Nigeria recorded a 72% year on year drop in revenue. Net Assets grew by 15% to N83.6bn from N74.8bn. Guinness Nigeria Plc graduates vacancies. Diageo (Guinness Nigeria) Jan 2018 - Dec 20181 year. "After nearly 40 incredible years, my journey with Guinness Nigeria is coming to an end, and now is the time for me to exit this stage. Alphonse Williams, the 21-year-old nephew of Venus and Serena Williams, died by suicide on February 3, The Sun reported. As of 2004, Guinness operated in five countries around the world with five breweries. Company Description: GUINNESS NIGERIA PLC is located in Lagos, Lagos, Nigeria and is part of the Beverage Manufacturing Industry. The HR Business Partner will lead and manage the end to end People/HR agenda within a business area, reporting into the HR Director. Guinness Nigeria Changes Board of Directors, Appoints Omobola Johnson As First Female Chairman. 100-year-old powerlifter recognised by Guinness World Records In similar news, a 100-year-old woman, Edith Murway-Traina, has continued to prove that old age shouldn't be a barrier to achieving . The new record is 480 hours (29 days), which surpassed the last record of 365 hours (15) days. The matured beer, which is an essential part of FES, will continue to be brewed at Dublin and shipped to Nigeria in 14-barrel stainless steel tanks." Guinness (/ ˈ ɡ ɪ n ə s /) is an Irish dry stout that originated in the brewery of Arthur Guinness at St. James's Gate, Dublin, Ireland, in 1759.It is one of the most successful alcohol brands worldwide, brewed in almost 50 countries, and available in over 120. Lagos, Nigeria. 02/04. in 2009 after working within the organization in a wide . By Chijioke Ohuocha. (GUINNESS) Add to my list. The firm in its corporate action to the Nigerian Stock Exchange (NSE) proposed a N7.00 (700 Kobo) dividend payout to shareholders compared to N8.00 (800 Kobo) paid in year 2012 end; indicating a drop in dividend payment by 12.5%. Guinness Nigeria launched Baileys Delight on Friday 29th March. The role sits in Nigeria which is biggest market in Africa and the largest Guinness market in the world. GUINNESS NIGERIA : GN Half Year F22 Results - Investors Presentation. your general well being is always considered and opportunities abound for career advancement. Guinness Nigeria recorded N17.2b loss in year end - Market Digest Nigeria The economic headwinds impacted the profit of Guinness Nigeria Plc during the current operating year of the company. We are committed to being the best place to be and valuing each other is one of our core values . Guinness Nigeria Plc has announced that its Chief Executive Officer, Peter Ndegwa, will be stepping down at the end of the 2018 financial year, after three years in the role. Geert Vanden Wijngaert Will also be responsible for the relationship between Guinness Nigeria and… Leadership Responsibilities Fully responsible for the regional distributor management - IPS within the Guinness Nigeria business therefore, leadership and sales functional capabilities are expected to be at a level commensurate with the role. Ndegwa will be taking up a new role as the Managing Director, Continental Europe and Russia, a member of the Diageo Group, Guinness Nigeria's parent company. This virus-induced below the belt performance plunged the company's financial year end revenue by more than 21% to ₦104.4 billion when compared to previous year. He spoke at the 70th annual general meeting (AGM) of the company. Guinness Nigeria Plc has assured its shareholders of a determined return to profitability after COVID-19-induced disruptions caused an adverse decline in revenue at the financial year-end. GUINNESS NIGERIA PLC. The company's board made the disclosed at the 71st annual general meeting (AGM) which was heldin Lagos at the end of October. The unaudited results which were released to the Nigerian Exchange Group (NGX) revealed a 117% increase in gross profit in the period, with double digit… T rade was particularly strong in Great Britain, with overall sales up 19%, including a 13% rise in spirits and a more than 30% jump in Guinness sales in the six months to the end of the year . Babatunde Savage was appointed Chair of the Board of Guinness Nigeria in 2009 after working within the organization in a wide variety of executive roles for nearly 40 years. Guinness Nigeria Plc has notified shareholders, the Nigerian Exchange Limited (NGX), the investing public and other stakeholders that it will be hosting a Board of Directors Meeting on the 19th day of October, 2021. Broad-based increase to our 21-23f EPS forecasts; dividend payments likely to resume We have raised our price target on Guinness Nigeria (Guinness) to NGN28.6 and upgraded our rating to Neutral from Underperform. End-of-day quote Nigerian Stock Exchange - 02/04. Daily Open order analysis report to update Management team on all shippable orders pan Nigeria, orders that are not shippable due to out of stock status, work in progress status and Good in transit status. The new line, which is designed for the . Profit after tax stood at N8.8bn. 48.55. Expand. The design is that of a two-mash tun brewery and the plant is geared to produce 400 barrels of Guinness Foreign Extra Stout per working day or 150,000 barrels per year - about 75,000,000 bottles. "After almost 40 amazing years, like every good thing, my journey with Guinness Nigeria is coming to an end and this is my time to exit this stage." Guinness Nigeria is and will always be family to me", he said. Brewer Guinness Nigeria is shifting its focus from premium brands to the "lower end" volume market in order to boost sales and revive profits, it said in its rights issue share offer prospectus. Jimmy Nooks has a pint of Guinness in . Nigeria's July inflation rate of 17.1 percent, the highest since October 2005, has raised the cost of doing business, according to Ndegwa. Overall alcohol sales figures jumped by 49% in the second half of last year and Guinness sales shot up even more during the six months to the end of 2021, compared with the same period in 2020. Here's how that's going In addition to Dublin (Ireland), Malaysia, and three in Africa - Nigeria, Ghana, and Cameroon - you should take note. Profit After Tax increased 110% Guinness Nigeria Plc, a subsidiary of Diageo Plc, has announced its audited results for the period ended 30 June, 2021 revealing a 110% increase in profit after tax, with double digit revenue growth across all key categories despite the impact of COVID-19 restrictions and ongoing economic challenges. Most Recent Earnings Sep 30, 2021. Guinness Nigeria Plc, the foremost total beverage company in Nigeria, has commissioned a new £2.0 million production line at its plant in Ogba, Lagos.. The year ended June 2020 is one that Guinness Nigeria Plc will not forget so soon, following a loss of N12.58 billion, that's the first of its kind in the last nine years, as the COVID-19 pandemic took a toll on the beer maker. Guinness Nigeria Plc said closure date for the dividend is September 29, 2017, while the payment date is October 26, 2017. 60.5. Price History We use this information to make our website work and enhance our services. While we expect inflation to end the year at 12-13 per cent, we still do not think the CBN would raise rates into real positive territory. NGN. Industry Beverages - Brewers.

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