Tag Archives: Nigerian Breweries

Nigerian Breweries Plc, is seeking to raise up to N15 billion in the first and second series of its N100 billion commercial paper Programme to support its short-term funding requirements. The company is offering 11.59 per cent and 14.43 per cent yield on its 90- and 182-day commercial paper.

Read More »

The board of directors of Nigerian Breweries Plc has recommended that 100 per cent of the N19.401 billion profit after tax (PAT) recorded for the year ended December 31, 2018 be paid out as dividend to shareholders. The recommendation is contained in the company’s audited financial reports made available to the Nigerian Stock Exchange (NSE) yesterday. According to the results, …

Read More »

The board of directors of Nigerian Breweries Plc has approved an interim dividend of N4.8 billion for the period ended September 30, 2018, following a profit declaration of N14.7 billion. Although the firm’s N14.7 billion profit was 38.4 percent lower than N23.9 billion declared over the same period of the previous year, Nigerian breweries noted that the excise duty recently …

Read More »

Nigerian Breweries Plc has announced 9 percent drop in revenue from N91.3 billion in 2017 to N83.0 billion in first quarter ended March 31, 2018. Profit after tax also came down by 11.8 percent to N10.2 billion for the quarter from N11.4 billion recorded in the corresponding period in 2017. The brewer stated that “while there are some signs of …

Read More »

Nigerian Breweries Plc on Thursday February 15, 2018 proposed a final dividend of N3.13 kobo, totaling N25,030,303,420 to shareholders per ordinary shares of 50 kobo each for the financial year ended December 31, 2017. With this result the leading beverage manufacturing company became the first company to release its audited financial account for 2017, beating Forte Oil Plc which has …

Read More »

For the nine (9) months ended September 30, 2017, the Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion.  In the statement of the result sent to Nigerian Stock Exchange (NSE), the Board of the Company further announced the declaration of an interim dividend of N7,996,902,051 (Seven billion, nine hundred and ninety six million, nine …

Read More »

Determined to sustain growth and ensure profitability for all stakeholders, Nigerian Breweries Plc is to attain 60 per cent sourcing of its raw materials before the year 2020. Briefing Journalists on Tuesday in Lagos on the company’s performance, Managing Director, Nicolaas Vervelde explained that energy consumption declined by two percent during the 2016 financial year. Explaining further, Vervelde who spoke at a …

Read More »

Barring any change, prospective and existing shareholders of Nigerian Breweries Plc may be in for a better financial year, as the company was able to commence the 2017 financial year on a positive note. The company first quarter result for the period ended March 31, 2017 shows that there was improvement both at the top and bottom line of the …

Read More »