NATIONAL BREWERIES PLC Results for 2006
26 May 2006
In accordance with the requirements of Rule 17 of the Securities (Registration of Securities) Rules, 1993, the Directors of National Breweries PLC have pleasure in announcing the audited consolidated results of the Company and its subsidiary for the year ended 31 March 2006. All figures are stated in Zambian Kwacha Millions
| |
Audited Year ended
31 March 06 |
Audited Year ended
31 March 05 |
%Change |
| Gross Turnover |
154 414 |
116 016 |
+33 |
| Value Added Tax on Sales |
30 501 |
22 503 |
+36 |
| Excise & Surtax |
16 401 |
15 295 |
+7 |
| |
| Net Turnover |
107 512 |
78 218 |
+37 |
| |
| Profit Before Taxation |
36 879 |
25 224 |
+46 |
| |
| Taxation |
13 687> |
8 947 |
+53 |
| |
| Profit After Taxation |
23 192 |
16 277 |
+42 |
| |
| Earnings per share |
368.12 |
258.38 |
+42 |
| |
| Interim dividend per share |
179.11 |
Nil |
|
| |
| Final dividend per share |
189.01 |
258.38 |
|
| |
| Total annual dividend per share |
368.12 |
258.38 |
|
| |
Comments
1. The Directors are pleased to report that the company recorded a strong performance during the period with profit before tax increasing by 46%.
2. High maize and fuel prices, and fuel shortages were experienced during the first half of the year which had an impact on sales. Proactive maize procurement, improved internal controls and a favourable exchange rate yielded positive results for the second half of the year.
3. There was no change in the number of shares in issue during the year and earnings per share grew by 42% to K368.12.
4. There were no exceptional movements affecting reserves.
5. A final dividend of K189.01 per share is recommended which will be paid on or about 21 July 2006. This will be paid to ordinary shareholders registered at close of business on 30 June 2006.
FINAL DIVIDEND
At the Board meeting held on 11 May 2006, the Board of Directors proposed a final dividend of K189.01 per share, bringing the total dividend to K368.12 per share for the year ending 31 March 2006. In accordance with the requirements of Rule 12 of the (Registration of Securities) Rules, 1993, and the listing rules of the Lusaka Stock Exchange notice is hereby given that the dividend shall be payable to shareholders registered in the company’s books as at 30 June 2006. The dividend shall be paid on or about 21 July 2006.
By order of the Board
U Desai
Company Secretary
17 May 2006