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Guinness Nigeria posts first annual loss in four years, shares fall

1 min read

Guinness Nigeria posted an annual loss of 17.07 billion naira ($45 million), its first in four years, hurt by writedowns and coronavirus-induced disruptions, sending its shares almost 9% lower on Friday.

The company, which is 54% owned by Diageo, posted a profit of 7.10 billion naira a year earlier.

($1 = 381.0000 naira)

Source: Reuters

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