Beta Glass Plc, audited reports for the Full year ended 31th December 2018 was released to the market on 29th March 2019. The reports revealed a growth in topline figures to N26.321billion from N22.186 billion recorded in the preceding period of 2017. This represents 18.64% full year appreciation in revenue.
The profit after tax for the period under review grew from N4.115 billion in 2017 to N5.052 billion in the current reports, which means 22.79% growth in (PAT).
The earnings per share also advanced by 22%, from N8.23 of 2017 to N10.11 in the current period under review.
The PE Ratio for the current period stands at 7.12x and the earnings yield at 14.05%.
The Management of Beta Glass recommends N1.30 per share as dividend, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 14th June 2019.
The Register of Shareholders will be closed from 17th – 21st June 2019.
The Qualification date will be 14th June 2019.
Beta Glass Plc manufactures, distributes, and sells glassware in Nigeria and internationally. It provides glass bottles and containers for soft drinks, wine and spirit, pharmaceutical, and cosmetics companies. The company exports its products to various African countries, including Benin, Burkina Faso, Cameroun, Gabon, Gambia, Ghana, Guinea, Liberia, Mauritius, Senegal, Sierra Leone, and Togo. The company is based in Lagos, Nigeria. Beta Glass Plc is a subsidiary of Frigoglass Industries Nigeria Limited.