 |
| Jordi Borrut Bel, Managing Director/CEO, Nigerian Breweries |
The Board of Directors of Nigerian Breweries Plc has
announced its results for the 2017 operating year with a dividend
recommendation of N33 billion to its shareholders. The recommendation, which
amounts to a total dividend of N4.13 (four Naira thirteen kobo) per share for
the 2017 operating year was part of the company’s filing to The Nigerian Stock
Exchange on Thursday, 15th February 2018. The recommended dividend is inclusive
of interim dividend of N8 billion, which is N1.00 (one naira only) per share earlier
paid by the company in November 2017.
In the company statement signed
by the Company Secretary/Legal Adviser, Nigerian Breweries Plc, Mr. Uaboi Agbebaku,
the Board also announced a N33 billion profit after tax (PAT) for 2017 on a
revenue of N344 billion. This represents a 16% increase in Profit after tax
from N28.4 billion in 2016 and a 10% growth in turnover from N313 billion in
the corresponding period. According to
Mr. Agbebaku, “whilst the foreign exchange situation improved in the course of
the year, double digit inflation continued to impact both businesses and
consumers. Nevertheless, the company was able to end the year with improved
results through continuous focus and execution of the twin agenda of cost
leadership and market leadership supported by innovation”. The Board maintained that whilst there are
some early signs of improvement in the macro-economic condition, this is yet to
be reflected in consumer confidence. The Board remains confident that the
Company has a clear strategy to deliver good return on investment to
Shareholders as part of its commitment to Winning with Nigeria.
No comments:
Post a Comment