NIGERIAN Breweries has released its financial result for the three months period endedMarch 31, 2016 with revenue growing by 11% to N77.55 billion against N69.92 billion recorded in same period in 2015.
Group’s profit before tax similarly increased to N15.01 billion compared with N14.44 billion posted in the same period of 2015, while profit after tax increased 3.5% to N10.45 in Q1 2016 against N101 billion in 2015.
The results further revealed that the Board has recommended for approval to shareholders at the forthcoming Annual General Meeting, the declaration of a total dividend of N38.1bn which translates to N4.80 per share.
If approved, the payment of the dividend will be made on Thursday, 12th May, 2016 to shareholders whose names appeared on the Company’s Register of Members at the close of business on Wednesday, 2nd of March, 2016. Having earlier paid an interim dividend of approximately N9.5 billion that is N1.20 per share which was declared in October 2015, the final dividend will be N28.5bn that is N3.60 per share.

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