Guinness Nigeria Plc releases results declares N6.00 dividend.
September 13th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
Guinness Nigeria Plc has made available its audited results for its year ended 30th April 2008. The results showed consistent improvement in all indices. It recorded a turnover of N69.172 billion against N62.265 billion recorded in 2007, showing a 11.09 percent increase. Profit before tax leaped by 14.83 percent from N14.884 billion in 2007 to N17.092 billion in 2008. After tax profit was 10.93 percent greater than what was recorded in 2007, it grew from N10.691 billion to N11.86 billion in 2008.
The board of directors of the company has proposed a dividend payout of N6.00 to its shareholders, register closes 31st October - 14th November, 2008 and payment date is for 1st of December 2008. Last year shareholders of the company smiled home with a dividend payment of N4.50 kobo.
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All aspects look healthy, from fundamentals to growth . I wonder if there was a change in tax rate from last year to this, though.
Thanks, keep up the good work. Actually this should be a pillar in tomorrow’s global plans. But doesn’t it seem as if some are already messing up such a sector?