7UP Plc has proposed a N2.75 per share dividend in 2015 full year
results following an impressive 11 per cent growth in profit after tax.
The company noted that N1.76 billion dividend payout is expected to be
approved by shareholders at the 56th annual general meeting that is
coming up on September 22, 2015.
The multinational beverage company recorded N7 billion profit in 2015 as
against N6.4 billion in 2014 as the management show its tax income dropped in
by 37.4 per cent to N1.6 billion in 2015.
Profit before tax also rose by nearly 15 per cent from N7.6 billion to
N8.7 billion while its Revenue marginally gained six per cent from N77.9
billion to N82.45 billion in 2015.
The results posted on the Nigerian Stock Exchange (NSE) website also witnessed
increased basic earnings per share that grew by 11 per cent.
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