Nigerians consumed Guinness product (beer and Malt) worth N249.94 billion in the last two years.

.....As Guinness Nigeria full-year pre-tax profit down 19.5 percent

While many continue to lament the poor state of the economy, it has been revealed that most Nigerians gulped down Guinness product (beer and Malt) worth N249.94 billion in the last two years alone.

Nigeria’s Guinness, a unit of Diageo, said on Monday its full-year pre-tax profit to June dropped by 19.48 percent to N21.07 billion, from N26.17 billion the previous year.

Sweetening the bad news, it also said shareholders will get a dividend of N8.0 per share or one bonus share for every 33 held by shareholders.

Gross earnings however rose to N126.28 billion, compared with N123.66 billion in the same period of last year, Guinness said in a statement to the Nigerian Stock Exchange.

Guinness shares were flat at N260.18 on the local bourse on Monday.