News Details

logo_news

NB Announces 9 Months Results For 2017, Declares 7.9b Interim Dividend.

  • Share

The Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion for nine (9) months ended September 30, 2017. In the statement of the result sent to Nigerian Stock Exchange, the Board of the Company further announced the declaration of an interim dividend of N7,996,902,051 (Seven billion, nine hundred and ninety six million, nine hundred and two thousand and fifty one naira only), which is, N1.00 (one naira only) per ordinary share of fifty kobo in the share capital of the company.

An analysis of the unaudited and provisional result shows that results from operating activities grew from N37.9 billion to N42.3 billion, Profit before tax rose from N27.8 billion to N34.4 billion while Profit after tax grew improved to close at N23.9 billion from the N20.1 billion posted in the same period in 2016.

While commenting on the results, the Company Secretary/Legal Adviser, Nigerian Breweries Plc, Mr. Uaboi Agbebaku said “despite the continued challenging business environment, revenue in the first nine months of the year grew compared to the corresponding period in 2016”. He added that as a result of the Company’s continued focus on internal efficiencies under its Cost Leadership programme, results from operating activities improved, which combined with lower Net Finance Charges resulted in increased profitability in the period.

It added that the interim dividend is payable subject to deduction of withholding tax at the appropriate rates, on Thursday, 23rd November, 2017 to all shareholders registered in the books of the Company at the close of business on Wednesday, 15th November, 2017.

In the statement signed by Mr. Agbebaku, the Board maintained that whilst the operating environment for the remainder of the year is expected to remain challenging, it is confident that, barring unforeseen circumstances, the Company is well placed to deliver a good return on investment to shareholders.

Signed
Kufre U. Ekanem
Corporate Affairs Adviser, Nigerian Breweries Plc.

October 27th, 2017
life

Young Entrepreneurs Jostle for Life Continental Lager Beer’s N12.5 million Progress Booster Radio Show

As the maiden edition of Life Continental Lager Beer’s Progress Booster Radio Show prepares to go…

teacher

NB Plc launches Maltina Teacher of the Year

Nigerian Breweries Plc has launched the Maltina Teacher of the Year, an initiative to recognize and…

arts

Entries Open for 8th National Art Competition

Nigerian Breweries Plc and the African Artists’ Foundation (AAF) have announced the opening of entries for…

slide

Gulder Lager Beer Relaunched In Nigeria’s Most Innovative Beer Bottle

After forty-four years in the Nigerian market, Gulder Lager Beer, the only Nigerian Lager Beer with…

news-dont drink and drive resized

NB Plc Wraps Up 2014 Dont Drink And Drive Campaign

In continuation of efforts to promote the responsible consumption of alcoholic products and safety on our…

heineken-uefa

Heineken Launches UEFA Champions League 2016/2017, Unveils New TVC With Mourinho

Heineken, the world most famous and travelled beer, launched the new season of the Champions League…

Governor Fashola Commissions Nigerian Breweries Abebe Road Street Lights

Governor Babatunde Raji Fashola (SAN) on Wednesday October 30, commissioned the Abebe Road Street Light project…

nb-8th-nac

Sabastine Ugwuoke wins 8th NB/AAF National Art Competition

No Rest, No Comfort, Confusion Everywhere, a work that explores the restiveness in Nigeria’s North-East region…

 

More News

Videos