Non - Alcoholic Beverages
7-UP profits drop 48% in Q1
amid headwinds
GSK Consumer Nigeria declares
N3.7bn net loss in half-year as
currency devaluation bites
7-UP Bottling Company on Friday
reported a 48% slump in profits for
the first quarter of 2016. Net income
fell to N1bn, down from N2bn
reported a year earlier.
GlaxoSmithKline Consumer Nigeria Plc
(“GSK Consumer Nigeria”) on Friday
reported a net loss of N3.7bn for the
first-half of 2016, down from N297m
in the same period last year.
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BRANDSPURNG.COM
Nestle Nigeria half-year
profit fall 94% on high
finance cost
Nestle Nigeria Plc on Friday reported a
94% drop in net income to N536m in
half-year 2016, down from N8.9bn
recorded in the same period a year
ago.
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