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 the 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 macroeconomic condition, this is yet to be reflected in consumer confidence. The Board remains confident that the Company has a clear strategy to deliver a good return on investment to Shareholders as part of its commitment to Winning with Nigeria.

SOURCE: https://brandspurng.com/nigerian-breweries-declares-n33b-dividend-for-2017/

Impressive figures there from the NB.
Really wished I was a shareholder

same here

ahahh... school fees awon omo science... lol

However, i am not only a hero, i am also a star boy cos i can flow with 33 different kinds of LEGENDary beats...

Onimukumu will like this kind news.

B

This sector is really ok unlike NNPC, no scarcity, no scandal et al

Nice! I believe that one day, my creative agency would attain this height.

PS: I am a creative professional and website developer, please see signature for contact details.

People r frustrated and have become jobless because of buhari administration and thats is why they drink more beer and alcohol to forget their sorrows which is majorly responsible for this kind of profit

Naija people I hail o o

TaiKuun:
gfgf

STAIRI

ok

I hail all the drunkards in the house

It goes on to proof what I told a friend that people actually drink more during recession or economic/financial crisis. You see people drive to a bar after work to cool off before going home.

Someone said NNPC should be handed over Nigerian Breweries.
His Reason: Have you ever heard of scarcity of beer?

i rep

How come that the complementary items like nkwobi,'point and kill' that facilitate the gulping process are never referenced?

For me, beer without a well garnished plate of 'chew chew' is self immolation.

habayommy:
Someone said NNPC should be handed over Nigerian Breweries.
His Reason: Have you ever heard of scarcity of beer?

Funny !

Seriously,


Nigerians consume this products on a daily basis.


Am SURE they do coporate Social responsibility (CSR) too.


What are d TELECOM GIANTS doing? We cant even find them on d floor of d Nigerian stock exchange.

Any news on WATER

Guys are drinking more. But waitoo hope those northers that sees beer as haram will not partake in the tax they paid to FG. That will be injustice.

Omuti plenty for this we country sha

Breaking News:

Prophet Joseph Ebun of Light of the Living Word Church in Lagos has awoken two people from the mortuary today at LASUTH. The two are John Amenyo, 32 years old and Gabriel Opara 29 years of age. They are guards at the said hospital, and he woke them up after finding them sleeping on duty.........

I'm coming... let me go and check the rice i'm cooking.
Good morning Nairalanders. TGIF

I wish CAN will share their dividend too! Bars and churches are the most vibrate businesses (everyone needs a consolation) in these tough economic times.

Since I was born and now I am getting old, I have Neva heard or seen beer scarcity.... Who else thinks dey shld jus take over our fuel matter

Nigerians..ehn

TRI GBOSA FOR UNA!!!

see revenue..all from shayo!!!

PediakAuthor:
ahahh... school fees awon omo science... lol

However, i am not only a hero, i am also a star boy cos i can flow with 33 different kinds of LEGENDary beats...

Yes, ur blood is full thats y they call u bloodyfull.

Nor be rocket science. Naija men dey resolve to liquor not just to enjoy but also to chill their mind from diff pressure

...and who made it possible? Nigerian youths eekwa?

Nice one... Heineken, my Heineken...

If only