Nigeria, July 25 -- Guinness Nigeria has impressively rebounded to profitability after two years of excruciating losses brought on by currency devaluation and escalating operational expenses.
After tax, the brewer famous for its trademark Guinness Stout and Malta Guinness posted a profit of N16.2 billion for the year ending June 30, 2025. From the N54.7 billion loss registered in the corresponding period last year, this is a dramatic reversal.
A substantial rise in income drove the company's financial recovery; it increased by about 56 percent from N299.4 billion in the year before to reach N496 billion. This expansion resulted from domestic as well as export sales, which suggests increased market demand and more effective pricing plans...
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