Proshare Logo
   Market Date: 23-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Guinness declares N5b dividend, plans new products

Category: Corporate Earnings

  Read (924)
Guinness declares N5b dividend, plans new products

November 30, 2006/guardian



With an after tax profit of N7.44 billion in the year ended June 30, 2006, over N4.9 billion excess over last year\'s, Guinness Nigeria Plc has declared a dividend of N5 billion over N3.5 billion last year.

The performance was on a turnover, which rose from N46.9 billion to N53.7 billion. Profit retained in the business rose from N1.3 billion to N2.72 billion, while shareholders\' fund rose from N18.23 billion to N20.95 billion.

Earnings per share rose from N412 kobo to 631 kobo, while dividend per share rose from 300 kobo to 400 kobo. Net worth per share rose from N1,545 kobo to 1,775 kobo, while share price at year-end rose from 8,700 kobo to 10,890 kobo.

Reviewing the company\'s performance at the yearly general meeting held in Abuja recently, the chairman, Chief Raphael Alabi told shareholders that the company gained tremendous market share through the institutions of some world class products, some of which would still be introduced.

Alabi said: \"I am delighted to inform you that in spite of the challenges of the operating environment, our company recorded an impressive result in the year under review.

\"With a repertoire of great brands with world class pedigree and increased attention to consistently high quality in the production process, our company succeeded in gaining market share for all the brand in the year under review. This is largely responsible for the commendation results placed before you at this annual general meeting.\"

Our turnover of N53.6 billion and profit after tax of N7.4 billion represent a growth of 14.5 per cent and 53.12 per cent respectively over the same period last year.

Impressed by the performance and returns of investment, shareholders unanimously approved the results at the meeting, while urging the board to do more to sustain the performance.

Projecting into the future, Alabi promised shareholders that the performance would be enhanced through the introduction of new production that will meet international standards. His words: On our part, we shall continue to be proactive in our management of the company by investing wisely in those projects that will bring the maximum returns to our shareholders, supporting our brands and launching even more exciting and world-class brands of the highest quality and ensuring that we add value to our human capital.\"

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Corporate Earnings

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014