By Yakubu LAAH InvestAdvocate

Lagos INVESTADVOCATE)-Beverage maker, Nestle Nigeria Plc on Wednesday said it has proposed an interim dividend of N10.00 per share dividend to shareholders of the company for the third quarter period ended September 30, 2014, the company said in a filing with the Nigerian Stock Exchange.

The beverage maker added that closure date for the N10.00 per share dividend is November 21, 2014 and payment date has been scheduled for December 08, 2014.

Meanwhile, the firm said its profit after tax (PAT) for the period declined 1.4 percent to N16.862 billion from N17.099 billion reported in the same period of 2013.

Similarly, profit before tax (PBT) also went down slightly by 1.1 percent to N20.158 billion in the review period compared to N20.375 billion in the corresponding period of 2013.

However, revenue increased 7.6 percent to N102.665 billion from N95.416 billion in the Q3 of 2013.