Guinness Nigeria announced earnings results for the first quarter ended September 30, 2017. For the quarter, the company delivered revenue of NGN 29.9 billion and gross profit of NGN 10.4 billion representing a 30% and 24% increase respectively over the same period last year. The results reflected continued growth within the spirits business as well as benefit of an expanding portfolio, however this was against the backdrop of lapping the inventory reduction last year. Operating profit was NGN 2.6 billion, NGN 2.0 billion improvement compared to the previous year.