Nigerian Breweries creates 3,777 jobs, gives shareholders N4.80 per ordinary share

DESPITE the challenges companies and other business outfits have been undergoing, Nigerian Breweries (NB), said it has created 280,000 direct jobs in the last few years while it also as a way of pruning discrimination among job seekers, has created jobs for seven physically-challenged persons.

The Managing Director/CEO, Mr. Nicolas A. Vervelde of Nigerian Breweries (NB) who made this known at a 2015 Pre-AGM press briefing in Lagos last week, stated that as “in today’s competitive business landscape, human capability has been found to be a key factor for corporate success, NB has been able to scale through and the official challenge towards continuous performance improvement remains the capability and speed response to changes in the business environment through people development.”

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By continuous training upgrading of skills at all levels of the company is therefore the key to achieving a meaningful competitive advantage and long-term business success.“We provide our employees both operational and leadership training within and outside Nigeria to expose them to best practices and improve knowledge transfer at international level.”

Likewise, Vervelde stated that irrespective of how tough the business environment has been affecting companies; and the lower profit after tax recorded in the year under review, the directors of the company have recommended to shareholders at the forthcoming Annual General Meeting the declaration of a total dividend of N38, 059, 684, 262, that is N4.80 per ordinary share of fifty kobo each. The company had earlier paid an interim dividend of N9, 514, 921, 066, that is, N1.20. Thus, the final dividend will be N28, 544,763,197 that is N3.60 per share.

Vervelde who made known If the proposed final dividend is approved, it will be subject to deduction of withholding tax at the appropriate rate and the dividend will be payable on May 12, 2016, to all shareholders whose names appear on the company’s register of members at the close of business on March 2, 2016.