BREAKING: Guinness Nigeria Records N73.6 Billion Full-Year Loss

Guinness Nigeria has recorded a N73.6 billion full-year loss.

NaijaOnPoint Nigeria reports that Guinness Nigeria Plc has reported a pre-tax loss of N73.6 billion for the financial year ended June 30th, 2024, as forex devaluation impacted bottom lines. 

This Nigeria news platform understands that the company released its full-year earnings showing losses continued into its fourth quarter of the year largely due to the impact of forex depreciation on its foreign currency loans.  

Guinness reports its year-end every June 30th.  

The brewery giant recently received a new owner as its parent company Diageo Plc sold its majority shared to Tolaram Plc. 

Details soon…