Guinness Nigeria Plc has recorded a growth of N3.285bn in its market capitalisation during Tuesday’s trading session on the floor of the Nigerian Stock Exchange (NSE).
The brewing giant leapt by 7.32 per cent, as its market capitalisation climbed to N48.188bn up from N44.902bn.
It’s share price also rose to N22 per share from N20. 50 per share, with the company’s outstanding shares currently at 2,190,382,819.
Finding by InsideBusiness shows that the shares of Guinness have maintained a steady but marginal rise in the last few days. The shares which sold at N19 per share during its opening of trading in February, increased to N19.80 per share on February 8th, later N20.60 per share on February 10th and ultimately N22 per share during the close of trading on Tuesday.
As it’s shareholders and investing public await the company Q3 2020 financial report, it recorded a N12.6bn loss in its Q2 2020 financial statement.
According to its 2020 Audited results for the period ended June 30th, 2020, it’s Revenue declined by 20.6 per cent to N104bn from N132bn in the previous quarter.
Guinness loss before tax stood at N17.1bn, while it’s Loss after tax was put at N12.6bn. It’s Net Assets fell by 18 per cent from N89bn to N73bn.
Comments are closed.