Guinness Nigeria has recorded a N73.6 billion full-year loss.
NewsOnline 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.
ALSO: IGP Egbetokun Exposes Foreign Mercenaries Involve In Planned Protest
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…
