Guinness Nigeria, a subsidiary of Diageo, has reported a fall in profits for its fiscal first quarter.

Net profits for the three months to the end of September fell to NGN1.6bn (US$10.9m), compared to NGN2.6bn in the same period of last year, Guinness Nigeria said in a stock exchange filing yesterday (23 November).

The slip in profits marred a net sales rise for the group, to NGN20.62bn (US$137.5m) from NGN16.9bn.

Further details were not released by the group.

Last month, Diageo reported a 6% drop in like-for-like sales for its first quarter.

Guinness net sales in Africa rose by 18% in Diageo's most recent full-year, to the end of June 2009, according to the group's 2009 annual report.