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Guinness profits.

Guinness profits

Guinness PLC recently announced a pretax profit jump of 33 percent to $1.1 billion in 1989, up from $829 million a year earlier.

The results outperformed the market expectations, which had placed the company at $1.08 billion. Profit after taxes, but before extraordinary interests, rose 35 percent to $700 million.

Sales for the British conglomerate rose 14 percent to $4.88 billion from 1988's $4.26 billion.

All of the company's divisions performed well throughout the year, according to John Spicer, analyst, Kleinwort Benson Securities Ltd.
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Title Annotation:Guinness PLC announces jump in profits
Publication:Modern Brewery Age
Date:Apr 2, 1990
Words:90
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