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Guinness to pay N11bn dividend, posts N89bn turnover

By Peter Egwuatu
The Board of Directors of Guinness Nigeria Plc has approved the company’s audited results for the year ended June 30th , 2009, with a proposed dividend of N11.1billion.

The company also posted a turnover of N89 billion for the year under review .This represents  an increase of 29% over the prior year results

Highlights of the results which was approved at the Board Meeting held on Thursday, 3rd September , 2009 include a trading profit of N19.81 billion, an increase of 25% over the previous year. The earnings per share also increased by 14% to 918 Kobo. Profit before tax grew by 11% to N19 billion up from N17 billion.

The directors are pleased to present this good performance by the company in the 2009 trading year, which is mainly attributable to management’s winning strategy.

Specifically, the directors have recommended, subject to approval at the next Annual General Meeting, the declaration of a dividend in respect of the year ended 30 June 2009 of N11.1 million that is, 750 kobo per 50 kobo share.

These results came in the same year when Guinness Nigeria’s leadership position in the Nigerian economy was re-affirmed by various recognitions at home and abroad. Guinness Nigeria was honoured as the company of the year by ThisDay newspaper Awards. The company has also taken leadership position in the area of Corporate Social Responsibility. It was recently given a Social Enterprise Report Award (SERA) for being the best company in environmental sustainability.

Some of its key CSR projects fall under the Water of Life scheme where it has provided potable water for over 450,000 people in various communities in Lagos, Ogun, Benue, Abia, and Oyo States in 2008/9.


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