7Up up Dividend By 10%, Offers Investors N2.75 Kobo in 2015 End
Editor
Soft drink makers, Seven-Up Bottling Company Plc on Monday increased its dividend payout to investors of the company for the financial year ended March 31, 2015 by 10 percent to N2.75 Kobo per share from N2.50 paid a year earlier.
The soft drink maker in its corporate action with the Nigerian Stock Exchange (NSE) said closure date of register of members is July 13 to July 17, 2015.
Seven-Up announced that its annual general meeting (AGM) has been scheduled to hold at the Muson Centre in Lagos Nigeria on September 27.
A review of the 2015 audited year end for the period ended March 31, 2015 shows that profit after tax (PAT) of the company climbed up 10.7 percent to N7.125 billion from N6.434 billion in the same period of 2014.
Profit before tax (PBT) also grew 14.9 percent to N8.749 billion from N7.616 billion in the corresponding period of 2014.
Revenue climbed up to N82.450 billion from N77.888 billion in the Q1 of 2014; indicating an increase of 5.9 percent.
