By Moses Ebosele, ebosele@hotmail.com —
For the nine months ended September 30, 2021, the Board of Directors, Nigerian Breweries Plc (NB Plc) has approved an interim dividend of N3.23 billion payable to shareholders at 40k each per ordinary share of 40k.
Within the period, the company recorded revenue of N309.22 billion, an increase of 32.13 per cent when compared to N234.02 billion attained in the corresponding period in 2020.
According to the audited result, profit for the period also grew to N8.47 billion from N7.1 billion, representing a 19.21 per cent rise.
Cost of Sales increased by 37.91 per cent to N198.74 billion from N144.1 billion achieved in the same period of 2020.
The Company Secretary/Legal Director, Uaboi Agbebaku, in a statement on Monday explained that the company remained committed to its strategy to deliver improved growth and remained dynamic in its response to challenges confronting the business as well as that of the economy, particularly in the face of COVID-19 pandemic.
