Business
Guinness Promises Value To Shareholders
Management of Guinness Nigeria Plc has restated its commitment in ensuring enhanced shareholders value.
Its Managing Director, D. H. Hainsworth, who stated this recently during the company’s fact behind the figure at the Exchange noted the company’s strategies and goals in attaining value creation for the organisation.
He stated that the company would continue to improve sales volume reaching the market at the right time, improve sale execution, adequate power supply for production and coming up with new product and the five key pillars for winning in the market.
He explained that on the back of volume growth across its brands, the company posted a turnover of N89.15 billion in 2009 financial year ended June 30, representing an increase of 29 per cent over the corresponding per cent of last year.
“We are pleased to present this good performance by the company in the year 2009 trading year, which are mainly contributed to volume growth across the brands and a good product mix. The results also benefited from the five key pillars”, D. H Hainsworth, the Managing Director said.
A breakdown of the audited results which was presented at the company’s 59th Annual General Meeting (AGM) include a trading profit of N19.81 billion, an increase of 25.39 per cent over the 2008 financial year end, and profit after tax of N13.54 billion, up from N11.86 billion last year. The adjusted earnings per share also increased by 14.18 per cent to 918 kobo.
The directors recommended to the shareholders the declaration of a dividend of N11,062 million that is 750 kobo per 50 kobo share.
Hainsworth pointed out that the result s came in the same year when Guinness Nigeria’s leadership position in the Nigerian economy was re-affirmed by various recognitions at home and abroad.
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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