Seven Up Bottling Company PLC said it recorded a net loss of NGN2,8 billion loss in the fourth quarter of 2016.
However, the result shows that the the company’s financials has been badly affected by the economic recession Nigeria has been plunged in since the second quarter of last year.
Net profit fell from NGN410 million meaning the company’s profit has fallen by 31% year on year.
Seven Up Bottling Company said it total revenue for the period was NGN28 billion. This is a positive growth when compared to NGN20 billion it reported in the fourth quarter of 2015.
Corporate information (company website)
Seven-Up bottling company Plc is one of the largest manufacturing companies in Nigeria. We produce and distribute the favorite brands of soft drinks: Pepsi Mirinda Seven Up and Mountain Dew.
These brands are popular and widely consumed across the length and breadth of Nigeria. We have nine bottling plants with state of the art manufacturing facilities located strategically across the country. Seven-Up Bottling Company has a well coordinated distribution network with an extensive network of over 200 distribution centers located across Nigeria.