Nigeria: Experts Predict Weaker Than Expected 2012 Result for Guinness

7 February 2013

Analysts at Renaissance Capital (RenCap) have predicted a disappointing performance for Guinness Nigeria Plc in its awaited 2012 results following a difficult operating environment in the year under consideration.

In a report made available to THISDAY, RenCap forecasted a 3 per cent decline in revenue Year-on-Year. They noted that demand over 2Q13 (to end December 2012) may have been suppressed, given the persistent macro challenges (inflation, flooding, and security issues).

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