BREAKING: For The Very First Time In 30 Years; Guinness Reports Annual Loss Of This Amount [See]

Guinness Nigeria Plc on Tuesday reported a loss for the year ended June 30, 2016. Document filed with the Nigerian Stock Exchange (NSE) revealed that turnover declined by 14 percent from N118.49 Billion recorded in 2015 to N101.973 Billion in 2016.

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Their Operating profit dropped by 72 percent from N15.667 Billion to N4.415 Billion which is a loss of more than N11 Billion.