7-Up reaches record high at N196 per share

The share price of 7-UP Bottling Company Plc reaches recorded high at N196.00 per share in 52-week trading activities on the equities market segment of the Nigerian Stock Exchange (NSE).

“Surge investors demand and fundamentals have contributed to beverages-Non-Alcoholic company share price appreciation recently,” said market analysts. 

The company’s share price gained N0.30 or 0.15 per cent from N195.70 it opened to close at N196.00 on last week Friday.

As Coca-Cola’s remains African dominance, 7-Up Bottling Company is one of its fiercest competitors.

7-UP produces PepsiCola, Mountain Dew, Mirinda, Teem and AquaFina in addition to its namesake brand. It operates nine bottling facilities and has over 200 distribution centers across the country.

Founded (and still controlled) by the Lebanese El-Khalil family and listed on the equities market of the NSE in 1986, the company’s profit after tax surged 10.74 per cent during its 2015 fiscal year.

Revenue increased by nearly six per cent thanks in part to an innovative marketing strategy despite the company’s increased operating and finance charges.

Efficiency gains helped widen the profit margin from 9.78 per cent in 2014 to 10.61 per cent in 2015.

This outstanding performance made investors very thirsty for 7-UP shares. The company’s stock price has risen 19 per cent from N165.40.