By Yakubu LAAH InvestAdvocate
Lagos INVESTADVOCATE)-The Ilesha based brewing firm, International Breweries Plc on Monday said it has increased its dividend payout to investors of the company by 28 percent to 32 kobo from 25 kobo paid in 2013 audited year end.

From the corporate actions of the beer maker filed with the Nigerian stock exchange (NSE), the company announced that closure of register of members is August 11 to 15, 2014 and its annual general meeting (AGM) and payment date has been scheduled for September 02 and September 03, 2014 respectively.

A review of the company’s audited report for the period ended March 31, 2014 shows that post tax profit of the brewer dipped 9.5 percent to N2.105 billion in the review period from N2.327 billion reported in the same period of 2013.

However, pretax profit for the period grew 10.4 percent to N3.925 billion from N3.555 billion in the corresponding period of 2013.

Revenue also climbed up slightly 6.4 percent to N18.493 billion from N17.388 billion in the 2013 audited year end.