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Guinness gains on NSE despite N17 billion pre-tax loss
The shares of Guinness Nigeria Plc, the second-largest brewer by market capitalization, closed the trading session for last week on a positive note, with the shares gaining 30 kobo despite a pretax loss of N17 billion in 2020, according to its financial report.
According to trading activities on the floor of the Nigeria Stock Exchange last week, the share price of Guinness went down cumulatively by 11.54% on Friday 28th and on Monday 31st of August. When disaggregated, this translates to 9.29% and 2.47% declines respectively. The declines came amid the loss reported in the company’s financial results, released to the public domain on Friday 28th, August.
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