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Majority shareholder N Seven Nigeria Limited, an investment vehicle of consumer goods conglomerate Tolaram, has executed an open-market equity accumulation in Guinness Nigeria Plc , purchasing 550,092 ordinary shares.
According to a share dealing disclosure filed with the Nigerian Exchange (NGX) on August 31, 2026, the transactions took place on Friday, August 28, 2026, across multiple price tranches ranging from ₦356.40 to ₦384.80 per unit, delivering an aggregated volume-weighted average price (VWAP) of ₦367.40 per share. Total transaction consideration stands at ₦202,103,799.20 (~₦202.1 million).
Lower finance costs, cost control measures, and prices actions helped Guinness Nigeria Plc surmount macroeconomic challenges as the beer maker gave investors a glimmer of hope about dividend payment.
For the first six months through June 2026, Guinness Nigeria’s profit after tax (PAT) spiked by 53.33 percent to N25.30 billion from N16.50 billion as at June 2025.
Net profit margin (NPM) increased to 9.54 percent in the period under review from 6.96 percent the previous year, which indicates the company controls its costs and has an excellent pricing strategy.
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Read Full Article by Bala Augie at moneycentral.com.ng
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