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Nigerian Breweries declares N7.6b interim dividend

Category: Corporate Earnings

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Nigerian Breweries declares N7.6b interim dividend

September 29 , 2008/BusinessDay


Nigerian Breweries Plc has declared an interim dividend of N7, 562,562,340, that is N1.00 per ordinary share of 50 kobo each in the share capital of the Company.


This represents an increase of 82 percent over the N4, 159,409,287, that is, 55 kobo per ordinary share of 50 kobo in the share capital of the company, which the company paid as interim dividend in 2007.


This was made known over the weekend, in a statement from the Company signed on behalf of the board of directors by Uaboi Agbebaku, its Company Secretary/Legal Adviser. The dividend, which is subject to deduction of withholding tax at the appropriate rate, is payable on Friday, October 17, 2008, to all shareholders whose names appear on the Register of Members of the Company at the close of business on Wednesday, 8th October, 2008.


The company had earlier in July this year, declared a total of N18.1billion as Profit before Tax (PBT) for the half year ended 30th June, 2008.


This represents a 43% increase over the N12.7 billion, declared as PBT for the same period in 2007. The turnover for the half year was N68.1billion, representing a 31% increase over the N51.9 billion achieved for the corresponding period of 2007.

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