The 2015 audited results filed with the NSE shows that the company’s shareholders would enjoy a total dividend of N4.80 (Four Naira Eighty Kobo) per ordinary share of fifty kobo each for the 2015 financial year. If approved by shareholders at the upcoming Annual General Meeting, AGM. The amount would be the highest dividend ever paid by the company in its 70 year history.
According to the statement, the proposed final dividend will be subject to deduction of withholding tax at the appropriate rate and will be payable on the 12th of May, 2016, to all shareholders.The company had earlier paid an interim dividend of N9.5 billion that is, N1.20 per share.Thus, the final dividend will be N28.5 billion(i.e N3.60 per share)
The audited financial statement shows a profit before tax of N54billion and profit after tax was N38 billion
The issued share capital as at 30th September,2015 stood at N3,964,550,444 divided into 7,929,100,888 ordinary shares of 50 kobo each. Heineken N.V has a majority shareholding of approximately 54.29% while 45.71% is held by Nigerian and foreign individuals and associations.
In a statement signed by Mr. Uaboi Agbebaku, Company Secretary and Legal Adviser, says that the Company was able to achieve strong results and deliver good return on investment to shareholders due to its twin agenda of Cost Leadership and Market Leadership supported by Innovation. The statement adds that 2016 will see a continuation of the tough operating environment of 2015, but barring any unforeseen circumstance, the Board remains confident that with the company’s strong portfolio and its Cost Leadership agenda, it should be able to take advantage of any upswing in the market.
No comments:
Post a Comment