Nigerian Breweries profit jumps, interim dividend declared

Nigerian Breweries profit jumps, interim dividend declared

Thursday, October 23, 2014 5:42 pm

Nigerian Breweries, unit of Heineken said on Thursday its pre-tax profit for the 9-month to September climbed 10.5 percent to 42.58 billion naira ($257.20 million), compared with 38.53 billion naira last year.

Revenue also rose to 194.74 billion naira against 190.3 billion naira in the same period of last year, the company said in a filing with the Nigerian Stock Exchange.

The company also proposed an interim dividend of 1.25 naira per share to shareholders, payable on Nov. 20.

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