By Peter OBIORA investadvocate

Sept 06, 2010 16:00 GMT

 

Lagos–Seven-Up Bottling Company Plc (7UP) has increased by 17 percent (17%) its dividend payout to investors of the company in year 2010 Financial Year End (FYE).

 

This was contained in the company’s result announcement dated July 13 2010 and released Monday September 06 2010 on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria.

 

The result made available to investadvocate shows that the company operating in the Food/Beverage & Tobacco sector of the NSE increased the dividend payout by offering to pay investors of the company N1.75 Kobo in the Audited Year Ended (March) 2010 compared to N1.50 Kobo paid in year 2009.

 

In the same vein, the company delighted its shareholders by giving a 1 for 4 bonuses in the review period.

 

Without prejudice, investadvocate  has observed that thus far, 7UP has remained one of the few companies that has paid Naira dividend in year 2010 year end of most of the quoted companies in the Nation’s Stock Exchange.

 

 

The Audited Year Ended (March) 2010 of the Bottling company shows that Profit After Tax (PAT) increased from N1.529 billion in year 2009 to N1.892 billion in year 2010 indicating an increase of 23.74 percent (23.74%) in the period under review.

 

While Profit Before Tax (PBT) of 7UP Bottling Company also appreciated from N2.223 billion in year 2009 to N2.263 billion in year 2010 representing an increase of 1.80 percent (1.80%)

 

 

Turnover also grew from N34.864 billion in year 2009 to N41.069 billion in year 2010 showing a growth of 18 percent (18%) in the review period.

 

 

The company also announced that investors who would benefit from this largesse are those whose names appear on the company’s register closure date between 13th to 24th September 2010.

 

While payment date is scheduled for October 19 2010 after the company’s Annual General Meeting (AGM) scheduled for October 12 2010 at the Transcorp Hilton, Abuja Nigeria.

 

As earlier reported, Faysal El-Khalil, Chairman of 7UP has announced Monday August 30 in Lagos Nigeria that the Market Capitalisation of the Bottling Company has hit N25 billion.

El-Khalil also affirmed that the company which has existed for 50 years was also controlling 40 percent (40%) share of the beverage industry in Nigeria.