Guinness Ghana Rises to Record After Interim Profit Doubles
By -
Feb 7, 2013
Guinness Ghana Breweries Ltd., a unit of Diageo Plc, rose to the highest on record after saying profit more than doubled in the six months through December.
The stock gained 1 percent to 2.95 cedis by 2:38 p.m. in the capital, Accra, the highest intraday level since April 1995 when the company listed on the Ghana Stock Exchange.
Net income rose to 25.7 million cedis ($13.5 million) from 12 million cedis a year earlier, it said in a statement today. Revenue advanced 20 percent to 176.3 million cedis, it said.
To contact the reporter on this story: Moses Mozart Dzawu in Accra at mdzawu@bloomberg.net
To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net