7Up gross revenue hits N85bn as profit falls by 53%

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– Seven-Up Bottling Company, owners Pepsi and 7Up,  Q1 2016 results reveal that the company’s gross revenue rose N85 billion N82 billion the company made Q1 2015. However, its net profit for the first quarter of 2016 fell by 53%.

Sundiata Post gathered that spiralling cost of running and competitive pressure shrinked 7Up’s Profit Before Tax (PBT) to N3 billion. N8.7 billion was recorded the same quarter last year, representing a 57% fall year-on year. The net profit for the quarter is stood at N3.3 billion.