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/

This is good news to their shareholders...

Z

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

What do I know sef

prepare to fall oh it is coming soon

Big money. Chai. I didn't invest in NB because of alcohol. I don't support drinking it.

Yeye people

Is the company capitalisation up to $1b?

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

I drink guiness products only

Na wah see money on shayo

NB doing very well despite hostile economic environment. That's a sign of effective management.

Now I wish I had Nigerian breweries shares

80% of that money came from 33” and Goldberg

Nigeria brewery buying all the smaller breweries......

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

What do I know sef

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

Speaking of penny wise pound foolish.

even if dere iz war people will still kip drinking. if d economy fustrate pple... pple wil b fustrating beer.

Buhari why?

- In ipob's miscreants mind

Your own fall is coming soon not NB plc. Must you open you mouth to any convenient radius. #oloshi

DuBLINGreenb:
prepare to fall oh it is coming soon

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

One of the best companies in Nigeria to invest in.

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

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

This is a hate speech!

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.

The sewage system/soak away is filled with wasted money.

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.

M

NBL with their aggressive VSR s have phased Guinness out of the lager business.

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...

I know life beer contributed a major part from the Eastern Nigeria.