By InvestAdvocate

Lagos (INVESTADVOCATE)- Lagos (INVESTADVOCATE)-Brewing giant, Nigerian Breweries Plc said on Wednesday its third quarter (Q3) 2015 profit after tax (PAT) dipped 12.2 percent to N26.18 billion from N29.82 billion recorded in the same period of 2014.

Similarly, profit before tax (PBT) declined 11.8 percent to N37.56 billion from N42.58 billion posted a year earlier.

However, revenue grew by 10.14 percent as the brewer recorded N194.73 billion in 2014 Q3 compared to N214.91 billion reported in the period under review, according to the company in a filing with the Nigerian Stock Exchange (NSE).

Earnings per share depreciated to N3.30 from N3.94 posted in the Q3 of 2014.

Nigerian Breweries in its corporate action to the NSE declared an interim dividend of N1.20 kobo per share to investors of the company compared to N1.25 kobo paid in 2014; indicating a drop of four percent (4%) in the review period.

The brewing giant affirmed that closure date of register of members is November 12 to 18, 2015, while payment date has been scheduled November 19, 2015. 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 increased 2.05 percent to N138.02 from N135.25 recorded the previous session gaining N2.77 kobo per share.