If you invested 1 million NGN in Nigerian Breweries PLC a year ago this is how much you would have made

Nigerian Breweries Plc. posted revenue of 337 billion naira in the 2020 financial year. The company’s board of directors released the official financial statement for the year, ending 31 December 2020. The official report was released on 19 February, 2021. According to the report, the brewery company declared a profit tax of N7.52 billion and a turnover of N337.01 billion in revenue. The result represented a 4.3% increase compared to the N323 billion recorded in the same period a year ago.

In the statement, the company further revealed that its Board of Directors will recommend the company’s shareholders at its forthcoming Annual General Meeting the declaration of N7.52 billion dividends, at 50k per share, which represents a 100% dividend payout ratio.

Earlier in 2020, the company paid an interim dividend of N1.999 billion, at N0.25k a share. The final proposed dividend of N5.52 billion at N0.69k a share will be payable to shareholders by 23rd April 2021.

As of 4th April 2020, Nigerian Breweries Plc.’s stock price was N22.07. As of 4th April 2021, the stock price was N49.60 a share. More recently, the company’s stock price ranges between N48.50 – N51.00. A million naira invested a year ago on 4th April will amount to N2,247,394.65, as of 4th April this year.

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Source: Nigerian Stock Exchange (NSE)

Trading Information

Source: Nigerian Stock Exchange (NSE)

Nigerian Breweries Plc. (NB) is the pioneering and largest brewing company in Nigeria. It serves both the Nigerian market and other parts of West Africa.

Founded in November 1946, the brewing company offers products and services such as beer, brewing, marketing and sales of alcoholic and non-alcoholic beverages. Its popular alcoholic brands include Star Lager, Gulder lager beer, Legend Extra Stout, Heineken Lager, Sone Breweries (Gold, Tusk, Wilfort Dark Ale, non-alcoholic Maltonic), Goldberg Lager, Life Continental Lager, Star Lite Lager, Ace Passion Apple Spark, 33 Export Lager, Williams Dark Ale, Turbo King Stout, More Lager, Breezer, Ace Roots, Star Radler, Desperados, Ace Rhythm, Star TripleX, Strongbow Cider. Its non-alcoholic brands include Maltina, Amstel Malta, Fayrouz, Climax Energy drink, Malta Gold, Himalt, Maltex.

The company is owned by Heineken Brouwerijen B.V (37.73%), Distilled Trading International B.V (26.36%), Stanbic Nominees Nigeria Limited (15.53%), and other individuals & institutions (30.38%).