On the back of stronger profit in third quarter ended September 30, 2022, five listed companies operating in the breweries manufacturing, Fast-Moving Consumer Goods , among other sectors of the economy, announced a combine sum of N28.03 billion as interim dividend between November and December 2022.
Announcing a 13.2 per cent increase in profit before tax to N58.4billion in Q3 2022, Nestle Nigeria on December 5, 2022 will be paying shareholders a sum of N19.8bilion as interim dividend.The Swiss- based food company and manufacturer of consumer goods recorded a 23 per cent growth in revenue to N261.6 billion and a profit rise of 5.2 per cent to N33.6 billion in Q3 2022.
The management of Nigerian Breweries in a statement said, “The last three months saw the return of market seasonality characterised by lower volume performance. The market decreased by high single-digit reflecting pressure on consumer disposable income as well as heavy rains and foods. Nevertheless, we performed relatively well in the period led by our strong premium portfolio of Heineken, Tiger and Desperados.
As Total Energies Marketing Nigeria declared N4.00 interim dividend, translating into N1.36billion, AXA Mansard Insurance announced N0.06 interim dividend for the period under review.
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