Guinness Nigeria Plc has declared a N15.6 billion dividend and a Profit After Tax (PAT) of N15.7 billion for the financial year ended June 30, 2022.
This is contained in a statement issued by Akinlabi Hassan, Media Manager, Brooks and Blake Agency, in Abuja on Tuesday
Hassan said shareholders at the hybrid Annual General Meeting (AGM) of the company held in Lagos approved the sum at N7.14 per share.
He said the company’s revenue for the year under review grew by 29 per cent to N206.8 billion from N160 billion.
Hassan said Dr Omobola Johnson, Chair of the Board of Directors, Guinness Nigeria Plc, said commitment to the company’s expansion strategy and improved operational efficiency had helped to sustain the growth.
“We are pleased that our thorough and effective strategy is assisting us in achieving our goals. We have made strategic investments, and we will keep doing so to make sure this leads to more growth.
“Despite the difficult business environment, Guinness Nigeria has consistently worked to remain competitive.
“We will work at maintaining the remarkable trajectory that we have now because we value the confidence and trust that our distinguished shareholders have placed in us,” she said.
Johnson said that Guinness Nigeria remained the only Total Beverage Alcohol Company in Nigeria.
According to her, we are glad that we are fulfilling our promises of sustainably conducting our business to satisfy our customers and drive better returns on investment for our shareholders.
Johnson said the board would continue to support the management’s efforts to sustain global best practices to keep “our flag flying.”
He said the Managing Director of Guinness Nigeria Plc, Baker Magunda, said he was confident that the company would continue to brace up on its path of sustained profitability.
“This performance showed that the business will continue to deliver growth despite the challenging environment characterised by high inflation and logistics bottlenecks in the country.
“We will continue to leverage local opportunities and create value and empowerment through our backward integration programme that is currently benefiting hundreds of people across the country,” he said.
Hassan said a shareholder, Bright Nwabughogu, National Coordinator, Aba Shareholders Association, said the shareholders were glad and appreciated the management for managing the company to profitability while acknowledging that Guinness Nigeria remains the best brewery in Nigeria.
“I want to congratulate Guinness Nigeria for a pretty job well done. The payment of the dividends is impressive, we urge them to keep doing pretty well and make more shareholders buy the shares.
” We pray that they pay higher dividends next year,” he said.
