The Board of Directors of Nigerian Breweries (NB) Plc has recommended an interim dividend of N7.929 billion, which translates to N1.00 per share for the nine months ended September 30, 2016. This interim dividend is being recommended despite a decline in the company’s profit for the period occasioned by the current challenging environment. The company said in a statement signed by NB Plc’s Company Secretary/Legal Adviser, Mr. Uaboi Agbebaku, that revenue rose from N214. 918 billion recorded at the end of September 2015 to N222.716 billion in the same period in 2016. However, operating profit fell by 11 per cent from N42.766 billion in 2015 to N37.962 billion in 2015. The company’s profit after tax (PAT) declined by 23 per cent from N26.175 billion in the period under review in 2015 to N20.100 billion in 2016. Read more at http://www.thisdaylive.com/
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