News Details

NIGERIAN BREWERIES EARNS N324 BILLION AND DECLARES N19 BILLION PROFIT FOR 2018
Lagos, Nigeria: Monday, February 18, 2019
Nigerian Breweries Plc has announced a profit after tax of N19.4 billion for the 2018 Financial Year. According to the audited financial results released to The Nigerian Stock Exchange, the Company also made a Revenue of N324.4 billion during the period.
The statement further stated that the Board of Directors will be recommending to the Company’s Shareholders at the Annual General Meeting coming up on the 17th of May, 2019, the declaration of a total dividend of N19.4 billion, that is, N2.43k per share representing a hundred percent dividend pay-out ratio.
The Company had earlier, in 2018, paid an interim dividend of N4.8 billion which translated to N0.60k per share; thus, the final dividend will be N14.6 billion, that is, N1.83k per share. If the proposed final dividend is approved, this will become payable on the 20th of May, 2019 to all Shareholders whose names appear on the Company’s Register of Members, at the close of business on the 6th of March, 2019.
In the statement signed by the Company Secretary/Legal Director, Uaboi Agbebaku, the 2018 Profit after Tax was lower than the N31.6 billion recorded in 2017 representing a forty one per cent decline, while the Revenue also dipped from the N344.5 billion recorded in 2017, a six percent decline. The Statement added that the 2018 Results were adversely impacted by the increased excise duty rates that came into effect during the year and a challenging operating environment.
Signed
Sade Morgan
Corporate Affairs Director,
+234 803 402 2730; sade.morgan@heineken.com

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…

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

NB Plc Declares N33b Dividend For 2017
The Board of Directors of Nigerian Breweries Plc has announced its results for the 2017 operating…

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…

NB Plc Hosts Nigeria Customs Service To a Visit
Nigerian Breweries Plc recently hosted the Customs Area Comptroller, Lagos Industrial Area Command, Festac, Oladunni Morenike…

Star Lager Beer Now Official Beer Partner For Chelsea FC In Nigeria
Nigeria’s leading premium beer, Star Lager, has signed a new partnership agreement with top English Premiership…

Tiger Beer Continues Transforming Urban Spaces with an Unveil of the First Tiger Den.
A visit to Price Pointe Bar Ilupeju, Lagos greets you with a new beautifully crafted structure,…
More News

Shareholders commend NB on 2013 performance approve record dividend payout
Shareholders of Nigerian Breweries Plc have commended the company for the impressive 2013 financial result. At…

Here’s Why We Are Excited About Ariya Repete ‘Omoluabi Special’’
Ariya Repete is ON! Nigeria’s talent hunt competition, Ariya Repete continues. The pilot episode for this…

Mark Van Iterson Speaks At Fashion Business Series And More Highlights From Day 2 Of #HeinekenLFDW17
The Heineken Lagos Fashion and Design Week kicked off on Day 2, October 26, 2017 with…

Star Launches Triple X, Africa’s First Herbal Beer
Nigeria’s number one beer brand, Star lager, recently made history as it unveiled a new brand…

NIGERIAN BREWERIES EARNS N83.2b AND DECLARES N5.5b PROFIT FOR Q1 2020
Lagos, Nigeria: Wednesday, April 22, 2020 The Board of Directors of Nigerian Breweries Plc has announced…

NB plc Wins 18th Pearl Award For Sectoral Leadership
Nigerian Breweries Plc has been honoured for the consecutive 18th time for its outstanding performance in…

NIGERIAN BREWERIES CELEBRATES TRADE PARTNERS, PROMISES EXCITING TIMES FOR CONSUMERS
Friday 13th April, 2018, Lagos, Nigeria: After a fulfilling business relationship in 2017, brewing giant, Nigerian…

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 Donates Clinic, Medical Eqiupment And 100kva Generator To Nigeria Immigration Service
Nigerian Breweries Plc has commissioned and donated a newly constructed, fully equipped clinic and 100KVA generator…
Videos
