Guinness pays N1.52 kobo final dividend

The Board of Guinness Nigeria Plc has proposed  a final dividend payment of N3.329 billion for the financial year ended June 30, 2019 against N4.031 billion paid in 2018.

The company said that a final dividend of N1.52 kobo per every 50 kobo ordinary share subject to appropriate withholding tax and approval would be paid to the shareholders whose name appear in the register of members at the close of business September 20, 2019.

It further said that the dividend would be paid direct to sharesholdrs on October 24, 2019 electronically.

The company financial report submitted at the Nigerian Stock Exchange showed that, Guinness Nigeria Plc recorded revenue of N131.498 billion against N142.975 billion reported in the preceding year, representing a drop of eight per cent.

Operating profit also declined by 33 per cent to N8.966 billion from N13.386 billion in the preceding year while net assets increased by two per cent to N4.066 billion from N3.999 billion reported in the same period of 2018.

Profit for the year went down from N6.685 billion in 2018 to N5.485 billion within the period under review.

Total assets which stood at N153.254 billion in the preceding year surged to N160.792 billion while total liabilities rose from N65.666 billion to N71.732 billion.

The company however said that shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to completed the e-dividend registration.

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