Further breakdown of the audited result showed that profit
for the company in the third quarter of the financial year also grew from
N7.1billion to 8.47billion, representing a 20.1% rise.
Cost of Sales rose significantly by 37.9% from N144.1Billion
in 2020 to N198.74billion in the period under review in 2021, while Marketing,
Distribution, and Administration Expenses also grew by 27,2% from N67.86Billion
in 2020 to N86.32Billon in 2021.
The board of directors of the company has approved an
interim dividend of N3.23billion payable to shareholders at 40kobo each per
ordinary share of 40k.
A statement signed by the Company Secretary/Legal Director,
Nigerian Breweries Plc, Uaboi Agbebaku revealed that the company remains
committed to its strategy to deliver improved growth as it continues to monitor
the business environment and remain dynamic in its response to challenges
confronting the business as well as that of the economy, particularly in the
face of COVID-19 pandemic.
Agbebaku explained that the company would continue to deploy
cost-efficient measures to keep the balance sheet strong and healthy while
ensuring that the health, safety and welfare of its employees, customers and
partners are protected.