Diageo’s Guinness Nigeria subsidiary has reported a strong rise in sales for its fiscal full-year, despite lower demand for the firm’s flagship Guinness beer.
Net sales for the unit rose by around 22% for the 12 months to the end of June, to NGN109.36bn (US$708m), Guinness Nigeria said in a stock exchange filing yesterday (23 September). Net profits for the year reached NGN13.7bn, compared to NGN13.5bn a year earlier.
Go deeper with GlobalData
The sharp rise in sales came in spite of lower demand for the Guinness brand.
Stay informed for just £1! *
Subscribe to Just Drinks for unbiased coverage of the global drinks industry, offering insights into the corporate strategies of beverage manufacturers and brands worldwide.
What’s included in your subscription:
- Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
- Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot beverages
- Unrivalled drinks industry comment from leading sector specialists
Ready to stay informed? Subscribe now and gain access to exclusive content.
Have a subscription? Sign in
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataFor further details on subscribing, click here. Need multi-user access? Explore our corporate subscriptions now.
*After your 1-month trial, your subscription will continue at £315 per year.
