By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Brewing giant, Nigerian Breweries Plc said on Wednesday its third quarter (Q3) 2014 profit after tax (PAT) soared 11.3 percent to N29.8 billion from N26.8 billion recorded in the Q3 2013.

Similarly, profit before tax (PBT) increased 10.5 percent to N42.5 billion from N38.5 billion posted in the same period of 2013.

However, revenue grew slightly by 2.3 percent as the brewer recorded N194.7 billion in the review period of 2014 compared to N190.3 billion reported the corresponding period of the 2013.

Earnings per share grew to N3.95 from N3.55 in Q3 2013 period and produced a PE of 42.79x which is lower compared to last year’s value of 49.79x

Nigerian Breweries in its corporate action to the Nigerian Stock Exchange (NSE) said it has declared an interim dividend of N1.25 kobo per share to investors of the company.

The brewing giant affirmed that closure date of register of members is November 20, 2014, while payment date has been scheduled November 12, 2014. The brewer is yet to schedule its annual general meeting (AGM) date and venue for the event.

At the close business on the Nigerian bourse on Wednesday, share price of the company gained N1.00 as it opened N168.00 and closed N169.00; climbing up 0.60 percent.