Nigerian Breweries Plc declare results records 73.8 percent profit.
March 1st, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
By Ikechukwu Emelike
Nigerian Breweries Plc has released its full year result for the period ended December 31, 2007 to the floor of the Nigeria Stock Exchange. The company which is one of the gaints in the breweries sub sector on the floor of the Nigerian Stock Exchange was able to increase its turnover for the period by 29.5 percent. From N86.3 billion in the same period in 2006 to N111.7 billion in 2007. Profit before tax for the period grew by 69.6 percent from N16.4 billion in 2006 to N27.8 billion in 2007.
After tax profit also increased by 73.8 percent from N10.9 billion in 2006 to N18.9 billion in 2007.The board of the company has proposed a dividend per share of 195 kobo. The closure date is April 15, 2008 and payment date is May 29, 2008.
Still on shares, shareholders of DEAP Capital Management & Trust Plc has approved a dividend payment of 13 kobo per share for the year ended 30th September 2007. This dividend payment was agreed at the 5th Annual General Meeting of the company held in Lagos.
A statement from the company revealed that during the period under review, turnover of the group increased by 149 percent from N297 million in 2006 to N739 million in 2007. Profit before tax experienced a growth of 232 percent from N99.8 million in 2006 to N331 million in 2007. After tax profit for the period also recorded a growth of 238 percent from N91.3 million in 2006 to N308.5 million in 2007.
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No 6 Aji street Abakpa-Nike
By first bus stop. Enugu
Enugu State,
11th Oct. 2008
To the Managing Director,
Amstel brouwerij B.V,the netherland,by
Nigeriaian breweries plc,RC613
Iganmu House
Lagos Nigeria.
Dear Sir,
LETTER STATING A FAULT IN YOUR COMPANY’S PRODUCT(AMSTEL MALTA).
With reference to a recent incident which I would have been a victim of death as a result of carelessness or mistake in the bottling of your Amstel Malta product, I hereby want cease this opportunity to bring to your notice that a straw used in the consumption of your product was found right inside the bottle with the content cocked. Knowing how disastrous it is if a consumer takes it unknowingly and also depict that the company doesn’t wash their bottle again.
I thought of reporting to the consumer’s right office together with the bottle and the straw still intact but I said I will have to bring to your notice before furthering action. Because I need my money back. This is fraud in another way.
If no reaction is taken, I will further this to the consumer’s right commission after two weeks of notification and you will pay me for expenses, it is no threat.
For confirmation, you can call me on my cell phone. (07035714068).
Thanks.
Yours sincerely,
Victor. N.