Guinness Nigeria Plc has cut its way back into the profit territory from two quarters of losses in its current financial year ending June 2021. The brewing company closed the third quarter trading with a profit of N1.8 billion for its nine months period.
It was a gradual return to profit for the company from a net loss of N842 million in its first quarter, which went down to N317 million at the end of the second quarter following a profit of N524 million for the quarter.
Profit accelerated to N2.2 billion in the third quarter, which cleared the outstanding loss and rekindled…
