Nigerian Breweries declares N12.672 billion PAT in FY 2021

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CEM REPORT | Nigerian Breweries on Friday declared Profit after tax of N12.672 billion in the 2021 financial year, a growth year on year of 71.98% from N7.638 billion profit reported the previous year.

The Group reported a turnover of N437.285 billion, up by 29.74% from N337.046 billion reported in 2020 financial year.

A final dividend of N1.20 for the year ended 31 December 2021 has been declared by the company.

Earnings per share of Nigerian Breweries increased to N1.57 from the EPS of N0.91.

At the share price of N47.50, the P.E ratio of Nigerian Breweries stands at 30.27x with earnings yield of 3.30%.

[READ ALSO] Nigerian GDP Sustains Growth for the Fifth Quarter by 3.98% (y-on-y)

Qualification date for the proposed dividend is 9th of March, 2022. The Register of Members will be closed from 10th March, 2022 to 16th March, 2022 (both dates inclusive).

On 22nd of April, 2022, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 9th of March, 2022, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

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