By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Soft drink makers, Seven-Up Bottling Company Plc has increased its dividend payout to investors of the company for the financial year ended March 31, 2014 by 14 percent as it proposed a N2.50 kobo per share dividend.

The soft drink maker paid N2.20 kobo in the 2013 audited year end compared to the proposed N2.50 kobo in the review period of 2014; indicating an increase of 14 percent.

The firm in its corporate action to the Nigerian Stock Exchange (NSE) said closure date of register of members is July 14 to July 25, 2014.

Seven-Up announced that its annual general meeting (AGM) has been scheduled to hold at the Muson Centre in Lagos Nigeria on September 24 and payment of the N2.50 kobo dividend has been scheduled for September 30, 2014.

Profit after tax (PAT) the company reported in its audited results for the year made available by the Nigerian Stock Exchange (NSE) climbed 125 percent to N6.434 billion in 2014 end from N2.856 billion recorded in 2013 year end.

Similarly, profit before tax (PBT) increased 133.5 percent to N7.616 billion in 2014 audited year end from N3.262 billion in the corresponding period of 2013.

Revenue also rose 21.5 percent to N77.888 billion in 2014 from N64.088 billion in the same period of 2013.