FY 2021: Nigerian Breweries Plc Recommends N12.92bn Dividends For Shareholders

Posted on April 9, 2022

The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewer, has recommended a total dividend valued at N12.92 billion for its shareholders for the 2021 financial year.

The recommendation represents a 100 percent payout with a total dividend of N1.60k per ordinary share of 50kobo each.

Having been paid an interim dividend of N0.40k in December 2021, shareholders of the company are expected to receive a final dividend of N1.20k each on 22nd April 2022.

Speaking at the Pre-AGM media briefing held in Lagos on Thursday, April 7, 2022, the Managing Director of the company, Mr. Hans Essaadi, described the 100 percent dividend payout recommendation as clear evidence of the company’s commitment to delivering superior value to its shareholders in terms of dividends.

The company’s 2021 financial year result shows that it recorded net revenue of N437.20 billion against the N337.01 billion recorded in the previous year.

Essaadi further explained that the improved performance for the year could be attributed to the growth of other income for the financial year, which grew from N0.83billion to N4.63Billion between the corresponding period in 2020 and the current year.

“As a company, we are committed to delivering values to our stakeholders, people, community, trade partners, consumers, and most especially our shareholders by continuing to deliver good financial results and give good returns on investments despite the challenge economic and operating environment,” Essaadi stated.

According to the FY result for 2021, marketing, distribution, and administrative expenses experienced a sharp rise from N89.66billion in the 2020 financial year to N123.14billion in the current financial year, representing a 37.3% increase.

A breakdown of the audited results shows that its Profit after Tax (PAT) increased significantly from N7.52billion to N12.93billion between the just-ended financial year and the previous year.

Leave a Reply

Your email address will not be published.

Latest News

The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewer, has recommended a... Continue
With the sight of more tall buildings in Nigeria and recent fire incidents the... Continue
The trajectory of his career speaks to the limitless power of vision and focus.... Continue
President Muhammadu Buhari on Friday in Abuja said professionals in various fields, especially accounting,... Continue
Shareholders of Guaranty Trust Holding Company (GTCO) Plc have unanimously endorsed the payment of... Continue
Nigerian Breweries Plc, the foremost brewing company, has restated its commitment to ensuring a... Continue
The lawmaker representing Ikeja Constituency 2 in the Lagos State House of Assembly, Hon... Continue
Davido, one of the biggest Afrobeats artists in the world has been announced as... Continue
JIMOH QUADRI  Walter Lippmann, one of the high priests of journalism once said that... Continue
CYRIACUS IZUEKWE  Facts have emerged how two friends in Ogun State conspired and broke... Continue


Access Bank