Printer Friendly

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.
COPYRIGHT 1990 Business Journals, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Guinness PLC announces jump in profits
Publication:Modern Brewery Age
Date:Apr 2, 1990
Previous Article:California group in lather over proposed beer taxes.
Next Article:Hudepohl-Schoenling honors Derby with commemorative beer.

Related Articles
Guinness posts 34-percent increase in first half of 1989.
Guinness PLC to sell wine interest.
Guinness PLC acquires All Brand Importing for $21M.
Guinness PLC experiences 31% profit rise.
Guinness profits increase in 1990.
Guinness chairman addresses meeting.
Tennant retiring from Guinness PLC.
Guinness Brewing Worldwide reports "satisfactory year."
Guinness borrows up to $1 billion.
Diageo profits rise.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters