By InvestAdvocate

Lagos (INVESTADVOCATE)-Soft drink producers, Seven–Up Bottling Company Plc on Thursday said its profit after tax (PAT) for the period ended March 31, 2016 dipped 53 percent to N3.34 billion from N7.12 billion recorded a year ago.

Similarly, profit before tax (PBT) declined 57 percent to N3.75 billion from N8.74 billion reported the same period of 2015.

However, revenue of the company inched up four (4) percent to N85.63 billion from N82.45 billion declared the same period of last year, Seven-Up said in a filing with the Nigerian Stock Exchange (NSE).

The directors of the company recommended to members a dividend payment of N1.02 billion compared to N1.76 billion paid in 2015 end; representing N1.60 per share compared to N2.75 per share paid in the corresponding year.

According to Seven-Up, the dividend is on the issued share capital of 640,590,363 ordinary shares of 50 kobo each and subject to approval by the shareholders at its forthcoming Annual General Meeting (AGM).

 Click here to download Seven‐Up Bottling Company Plc Annual Report March 31, 2016