Guinness Nigeria sees profit rise and cuts finance costs
Girish Sharma, Managing Director/CEO of Guinness Nigeria Plc, says the company’s strong start to 2026 is due to operational efficiency, localised decision-making, and expanded market reach. He highlighted that these changes have repositioned the business for ongoing growth. The company reported higher profits, improved earnings per share, and reduced finance costs despite economic challenges. Girish Sharma also outlined a new strategic direction focused on culture, operational excellence, consumer focus, and financial performance.
TLDR
- Girish Sharma credited operational efficiency and localised decision-making for the company’s improved performance.
- Profit After Tax rose by 48 per cent year-on-year to N10.39bn, and revenue increased by four per cent to N122.77bn.
- The Board approved an interim dividend of N2.00 per share, totaling about N4.38bn.
- The company reduced net finance costs and improved capital efficiency through tighter cost management.
- Recent innovations, like the launch of Orijin Beer in PET format, reflect a focus on adapting to changing consumer demands.
