BY NKECHI NAECHE-ESEZOBOR–Nigerian Breweries Plc has announced that its profit for 2021 audited results grew by 71.8 per cent from N7.53billion in 2020 to N12.93billion in 2021.
A statement by the Company Secretary/Legal Director, Uaboi Agbebaku, said the breakdown of the 2021 audited results showed that the company’s revenue for the 2021 financial year appreciated to N437.19billion from N337.01billion achieved in 2020; this indicating 29.7 per cent increase.
Following its outstanding performance, the board of directors commended a total dividend of N12.92billion at 50 kobo per share representing a 100 per cent dividend payout ratio.
The company in October 2021 paid an interim dividend of N3.23billion, which translated to 40 kobo per share, while final dividend of N9.69billion at N1.20 per share would be payable to shareholders upon approval on April 25, 2022.
The board appluded the management for placing the company on the path to recovery from the debilitating impact of the COVID-19 pandemic and other challenges faced during the year.
The statement assured that the company remained committed to delivering improved performance in the years ahead.
While noting, it would also continue to deploy cost-efficient measures to keep its balance sheet strong and healthy while ensuring that the safety and welfare of its employees, customers, and partners remain well protected.
