Diageo Unit Reports Strong Growth Despite Guinness Blip

Nigeria's second largest beer company by annual sales Guinness Nigeria has reported a 22% year-on-year (y-o-y) increase in net sales to NGN109.36bn (US$708mn) in the year to June 2010. The Diageo unit's net sales growth, which was above its five-year average annual revenue growth of 13.82% between June 2009 and June 2005, came in despite a 6% y-o-y volume contraction in flagship Guinness sales across Africa following a price

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