Holders of the blue chip Stock Nigerian Breweries Plc will pocket N3.5o as dividend on every of their holdings, the company has declared.
The amount is the final dividend for the year ended December 31, 2014, the premium brewer announced in a result made available by the Nigerian Stock Exchange (NSE).
The Nigerian Breweries, which the market leader in the brewery sector, ended the year with a revenue of N266.37 billion, down marginally by 0.8 per cent from N268.6 billion posted in 2013.
Cost of sales fell from N132.13 billion to N130.8 billion, while distribution and other administrative expenses rose from N69.38billion to N70 billion. Other income reduced y 17 per cent from N2.1 billion to N1.7 billion. Similarly finance charges fell by 22 per cent from N6.9 billion to N5.4 billion.
Profit before tax fell marginally to N61.46 billion, as against N62.2 billion in 2013, while profit after tax fell from N43.1 billion toN42.52 billion. Earnings per share declined from 570 kobo to 562 kobo.
Consequently, the directors recommended a final dividend N3.50 kobo, Sharewhich translated into a pay ratio of 84.52 per cent and dividend yield of 3.68 per cent.
