Nigerian Breweries last week published its annual report for the year ended 31 December 2020 on the website of the Nigerian Stock Exchange.
The Group reported a turnover of N337 billion, up by 4.35% from the N323 billion reported in 2019.
Profit for the year was N7.368 billion, down by 54.25% from N16.106 billion reported the previous year.
Earnings per share (EPS) came down to N0.92 from the EPS of N2.01 reported in 2019.
At the share price of N59, the PE ratio of Nigerian Breweries stands at 64.03x with earnings yield of 1.56%.
Nigerian Breweries proposed a final dividend of 69 Kobo per ordinary share of 50 kobo each, subject to the deduction of the appropriate withholding tax and approval at the Annual General Meeting of the Company slated for 22nd of April 2021.
Qualification date for dividend is the 10th of March, 2021. The Register of Members will be closed from 11th of March 2021 to 17th of March 2021.
On 23rd of April, 2021, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 10th of March, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.