Nigerian Breweries Plc in its third quarter financial report for the period ended September 30, 2019, reported a gross earning of N259.9 billion which is about 2% better than N254.9 billion reported same period in 2018.
The company’s profit after tax (PAT) for the period under review stood at N12.2 billion which is 17% below N14.7 billion reported last same period.
The producer of Star, Gulder, Legend Extra Stout, Maltina and Malta sold mainly in Nigeria and other neighboring countries dropped its earnings per share to N1.53 for the period under review from N1.85 kobo reported for the comparative period of 2018, this represents 17.00% decline.
As at when computed at a price of N46.05, the PE Ratio stood at 30.00x with about 3.33% earnings yield.
The company alongside its Q3 released results proposed an interim dividend of 50 kobo per ordinary share of 50 kobo each, subject to the deduction of the appropriate withholding tax and approval, would be paid to the shareholders whose names appear on the members register as at the close of business on 29th of November,2019.