Proshare Logo
   Market Date: 24-10-2014   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates 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

Nigerian Breweries increases dividend payout by 36%

Category: Corporate Earnings


  Read (918)
Nigerian Breweries increases dividend payout by 36%

-Proposes 340k in year 2008

 
Peter OBIORA

Proshare NI

March 03, 2009 at 20:00 GMT

 

Brewing Giants, Nigerian Breweries Plc (NB Plc) has increased its dividend payout to investors in year 2008 by 36 percent (36%). This was contained in the company’s result released on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria.
 
NB Plc increased the dividend payout from 250 Kobo paid in year 2007 Financial Year End (FYE) to 340 Kobo at its financial year ended December 31 2008.
 
From the result, the Board of Directors (BOD) of company has proposed the payment of 340 Kobo dividend per share to its investors for the 2008 FYE.
 
The cumulative dividend paid in year 2007 FYE was N18.906 billion compared to N25.7 billion in year 2008 FYE representing the 36% increase in the review period.
 
NB Plc affirmed that the dividend, which is subject to deduction of withholding tax, if approved at the companies forthcoming Annual General Meeting (AGM), would be paid on May 21 2009 to all shareholders registered in the books of the company at the close of business on March 27 2009.
 
In the same vein, Turnover of the company increased from N111.7 billion in year 2007 to N145.5 billion in year 2008 showing an increase of 30.25 percent (30.25%) in the review period.
 
Profit before Tax (PBT) also grew from N27.9 billion in year 2007 to N37.5 billion in year 2008, representing a growth of 35 percent (35%).
 

While Profit after Tax (PAT) rose for N18.943 billion in year 2007 to N25.7 billion in year 2008, indicating a rise of 36 percent in the review period.



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
Newsletter
Contact Us
Volunteer Program
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
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

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

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

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