News Details

dividend-2017

NB Plc Declares N33b Dividend For 2017

  • Share

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.

Signed

Kufre U. Ekanem
Corporate Affairs Adviser,
Nigerian Breweries Plc.
+234 7038992759; kufre.ekanem@heineken.com

February 16th, 2018
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…

logo_news

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

The Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion for…

dividend-2017

NB Plc Declares N33b Dividend For 2017

The Board of Directors of Nigerian Breweries Plc has announced its results for the 2017 operating…

NB plc Takes Beyond The School To Eric Moore Senior High School

Nigerian Breweries Plc has taken its career guidance programme tagged ‘Beyond the School” to Eric Moore…

NB plc and Consolidated Breweries Ltd Agree To Explore Merger Opportunity

The Board of Directors of Nigerian Breweries Plc and the Board of Directors of Consolidated Breweries…

why-add-more

Amstel Malta “WHY ADD MORE” Campaign Breaks

Amstel Malta, one of the leading malt brands from the stable of Nigerian Breweries Plc (the…

pearl-award

NB Wins 2017 Pearl Award For Sectoral Leadership

Nigerian Breweries Plc was recently honoured for its outstanding performance in the Consumer Goods Sector of…

 

More News

Videos