Guinness Nigeria has restated its commitment to ensuring the health and safety of its employees and communities where it operates.
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Speaking at the event, which took place at the Agege Motor Park in Lagos, the Managing Director/CEO, Guinness Nigeria Plc, Peter Ndegwa, disclosed that the partnership with the FRSC has been a truly impactful one, making it possible to jointly deliver awareness campaigns reaching millions of Nigerians yearly.
The company delivered revenue of N29.9 billion and gross profit of N10.4 billion, representing a 30 per cent and 24 per cent increase respectively over the same period last year.
The company plans to raise N39,700,688,598 by way of rights to existing shareholders, on the basis of five new shares for every 11 shares held by shareholders, whose names appeared in the register of members of the Company as at March 15, 2017 at an issue price of N58 per share.
Also, the market capitalisation, which opened at N11.331 trillion, dipped N162 billion to close at N11.169 trillion due to huge losses
The results, which were released via a statement to the Nigerian Stock Exchange, shows that the company grew its topline by 19 per cent year-on-year
The News Agency of Nigeria reports that market capitalisation for the third consecutive day maintained an upward trend, growing by N31 billion or 0.34 per cent to close at N9.246 trillion against N9.215 trillion achieved on Thursday
Savage said: “As a responsible corporate citizen, Guinness Nigeria is interested in more than running a profitable business.
“We are also enriching our communities with investments in the area of provision of water, health facilities, education and scholarships among others
Peter Ndegwa, the Managing Director/CEO, Guinness Nigeria Plc, said: “I am really excited to have Emmanuel in this new role as he builds upon the work that Paul has started and continues the execution of our aligned commercial strategy over the coming period. I want to really thank Paul for his immense contribution to developing our sales organisation over the past two years
The case, which has lingered since last year, now has Guinness opting to pay NAFDAC N11.4 million for the the inspection it carried out on the warehouse in respect of the expired raw materials
The News Agency of Nigeria reports that NAFDAC had recently ordered Guinness to pay N1 billion as administrative charges over alleged violation of its rules and regulations for a long period of time