By InvestAdvocate
Lagos (INVESTADVOCATE)-Seven-up Bottling Plc (7Up) has proposed to reward its investors with a N2.00 Interim Dividend for its Audited Year Ended March 2011.
This was contained in the Result Announcement Friday from the Bottling Company to the Nigerian Stock Exchange (NSE) in Lagos Nigeria.
According to Seven-Up, closure date to members whose names appears on the Firm’s Register is 12-23 September 2011 and payment date for the N2.00 dividend has been scheduled for October 13 2011.
Annual General Meeting (AGM) has also been scheduled for October 06 2011 at the Transcorp Hilton Hotel in Abuja Nigeria.
A review of the Audited Year Result of the Company shows that Turnover increased from N41.069 billion in year 2010 end compared to N51.098 billion in the same period of year 2011; indicating an increase of 24.42 percent (24.42%) in the review period.
While Profit After Tax (PAT) also grew from N1.758 billion in year 2010 compared with N2.277 billion in year 2011; showing a growth of 29.52%.
Profit Before Tax (PBT) declined from N2.525 billion in Year 2010 compared to N2.635 billion in the Audited Year Ended March 2011; representing a decline of 4.17% in the period under review.
