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NB Recommends N33 Billion Dividend …links Performance To Cost Leadership - Business - Nairaland

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NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by BrandSpurNG: 7:32am On Apr 14, 2018
Nigeria’s foremost brewer, Nigerian Breweries Plc, has recommended a total dividend of N33 billion for the 2017 financial year. The recommendation, which amounts to a total dividend of N4.13 per ordinary share of 50 kobo each is a 100% payout, making it the third year in a row that the company is delivering such to its shareholders. The Company ascribed the 100% payout recommendation as a reflection of its strong balance sheet and overall health of the company.  

Managing Director of the Company, Mr. Jordi Borrut Bel, explained at a media briefing in Lagos on Wednesday that the N33 billion dividend payout is a considerable increase over the N28 billion paid last year. In the course of the year under review, the Company had earlier paid an interim dividend of N7.97 billion in November 2017, which amounted to N1.00 per share. The final dividend will, therefore, be N25.03 billion, which comes to N3.13 per share.

At the media briefing, the Managing Director also said the N345 billion revenue which resulted in a N33 billion Profit After Tax (PAT) for the 2017 financial year is as a result of the “continuous focus on cost leadership.” He disclosed that the cost leadership initiatives which encompass cost optimization, revenue management, and consumer value re-engineering, yielded savings which positively impacted on the company’s financials.

An analysis of the Company’s audited results shows that its Profit After Tax represents a 16 percent increase from the N28.4 billion achieved in 2016 and a 10 percent growth in turnover in 2017 from N314 billion in the preceding period.

Borrut Bel added that the Company remains confident of its clear strategy to deliver good returns on investment to shareholders as part of its commitment to “Winning with Nigeria.”

“When all factors are considered, our results have been positive and credible over the years. Despite the deterioration in consumer purchasing power, our robust brand portfolio which covers a broad spectrum of consumer needs enabled us to protect revenue and profitability,” he noted.

SOURCE: https://brandspurng.com/nigerian-breweries-recommends-n33-billion-dividend-links-performance-to-cost-leadership/

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by rodeo0070(m): 7:28am On Apr 15, 2018
This is good news to their shareholders...

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by aragonchuks(m): 7:47am On Apr 15, 2018
Z
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by ZarahBuhari: 7:47am On Apr 15, 2018
Abokis would want to take part in the revenue shares when they condemn alcohol...

What do I know sef tongue

10 Likes

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by maxiuc(m): 7:48am On Apr 15, 2018
grin
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by DuBLINGreenb(m): 7:48am On Apr 15, 2018
grin prepare to fall oh it is coming soon
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by supereagle(m): 7:49am On Apr 15, 2018
Big money. Chai. I didn't invest in NB because of alcohol. I don't support drinking it.
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by hacunamatata: 7:52am On Apr 15, 2018
Yeye people
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by grandstar(m): 7:55am On Apr 15, 2018
Is the company capitalisation up to $1b?

What's the P/E of Nigerian companies or brewery stocks?
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Olachase(m): 7:55am On Apr 15, 2018
I drink guiness products only

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by momodub: 7:56am On Apr 15, 2018
Na wah see money on shayo

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by AntiRiot: 8:00am On Apr 15, 2018
NB doing very well despite hostile economic environment. That's a sign of effective management.

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Nobody: 8:08am On Apr 15, 2018
Now I wish I had Nigerian breweries shares
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Benz4pimp(m): 8:10am On Apr 15, 2018
80% of that money came from 33” and Goldberg

2 Likes

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by pat077: 8:10am On Apr 15, 2018
Nigeria brewery buying all the smaller breweries......
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by AK481(m): 8:12am On Apr 15, 2018
ZarahBuhari:
Abokis would want to take part in the revenue shares when they condemn alcohol...

What do I know sef tongue
They discourage their people from taking beer but the vacuum created is filled up mercilessly by codein

Speaking of penny wise pound foolish.

6 Likes

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by inoki247: 8:12am On Apr 15, 2018
even if dere iz war people will still kip drinking. if d economy fustrate pple... pple wil b fustrating beer.
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Ijaya123: 8:33am On Apr 15, 2018
Buhari why?

- In ipob's miscreants mind
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by takin35(m): 8:34am On Apr 15, 2018
Your own fall is coming soon not NB plc. Must you open you mouth to any convenient radius. #oloshi
DuBLINGreenb:
grin prepare to fall oh it is coming soon

3 Likes

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by supereagle(m): 8:42am On Apr 15, 2018
grandstar:
Is the company capitalisation up to $1b?

What's the P/E of Nigerian companies or brewery stocks?

Ask proshare
https://www.proshareng.com

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by 1kingwriter: 8:44am On Apr 15, 2018
One of the best companies in Nigeria to invest in.
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by ednut1(m): 8:50am On Apr 15, 2018
AK481:

They discourage their people from taking beer but the vacuum created is filled up mercilessly by codein

Speaking of penny wise pound foolish.
they also share from VAT and company income taxes from beer o

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Nobody: 8:53am On Apr 15, 2018
grin

Beer business is good business. Start a brewery today!


ZarahBuhari:
Abokis would want to take part in the revenue shares when they condemn alcohol...

What do I know sef tongue


This is a hate speech! shocked
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Jethrolite(m): 9:21am On Apr 15, 2018
AK481:

They discourage their people from taking beer but the vacuum created is filled up mercilessly by codein

Speaking of penny wise pound foolish.
And you believe only southern Nigeria drank over N340bn worth of beer.
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by johnjay4u2u(m): 9:36am On Apr 15, 2018
The sewage system/soak away is filled with wasted money.

1 Like

Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by seunmsg(m): 9:43am On Apr 15, 2018
They are making so much money and still continue to increase the price of their beer.

And why is this thread not getting the required attention? If the news was about the company making huge loss or closing down, so many people would be here to abuse the government and blame Buhari personally. Here is a very good news about the state of the economy and nobody seems to be interested.
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Buffalowings3(m): 9:56am On Apr 15, 2018
M
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by Whobedatte(m): 10:13am On Apr 15, 2018
NBL with their aggressive VSR s have phased Guinness out of the lager business.
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by omojesu202(m): 10:17am On Apr 15, 2018
Benz4pimp:
80% of that money came from 33” and Goldberg

You're in Southwest... in southeast it's Life... and north also has its best brand...
Re: NB Recommends N33 Billion Dividend …links Performance To Cost Leadership by MrCGPA(m): 10:21am On Apr 15, 2018
I know life beer contributed a major part from the Eastern Nigeria.

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