Nigerian Breweries Plc – Initial Impression


Nigerian Breweries Plc released its Audited Financial Statements for the Year ended December 31, 2015 on the 11th of February 2016. Revenue grew by 10.33% to N293.90 billion in 2015 from N266.37 billion in 2014. All other line items including profit for the year declined in the year. Expenses grew by 14.59% while financial charges grew by 42.88% to impact negatively on bottom-line figures.

Profit after tax declined by 10.50% thereby reducing earnings per share by 14.23%. Although the Company recorded a growth in revenue, it didn’t translate into growth in profit compared to previous year largely due to pressures from increased cost of sales (15.79%) and financial charges (43.70%).

The Company has proposed a final cash dividend of ₦3.60k (interim of ₦1.20k).

Our short to medium term outlook will be reviewed in our full year report which will be published shortly.

NB: Proposed Dividend (Final): N3.60 kobo per share

         Bonus: N/A

         Closure Date: 3 rd March, 2016 – 9 th March, 2016

         AGM Date: 11th May, 2016 Payment Date 12th May, 2016

         AGM Venue: Shell Hall, Muson Centre, Onikan, Lagos State


GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *