Nigerian Breweries Proposes Dividend of 120 kobo Per Share

Nigerian Breweries Plc has proposed dividend of 120 kobo per share with payment date of Nov. 19, 2015.

The company said on Wednesday its nine-month pretax profit fell 11.8 percent, year-on-year, to 37.56 billion naira ($188.76 million).

Revenue grew 10.4 percent to 214.92 billion naira during the nine months to Sept. 30, the local unit of Heineken said.

It proposed an interim dividend of 1.20 naira per share to shareholders whose names appear on its register between Nov. 12-18, it said in a filing to the Nigerian Stock Exchange.