Nestle, NB and Forte Oil Leads Corporate Brands Profit Delivery Early 2015
Nestle Nigeria Plc, the fast moving consumer goods brand marketers, the most capitalized corporate brand that creates its value from making beer and other non-alcoholic beverages and the oil and gas crooner, Forte Oil are the early starters in satisfying shareholders with highly needed cash this early and challenging year.
Nestle had released its results for the year ended December, where the directors recommended a final dividend of N27.50 per share out of which an interim dividend of N10 was paid earlier.
Nigerian Breweries N4.50 per share comes from a turnover of N268.6 billion being an increase of 50 per cent above N3 paid the previous year.
Forte Oil Plc also approved a dividend of N4.31 billion for approval at its next general meeting, the energy brand recently extended its brand offering into the power sector got rewarded by revenue increase of 41 per cent.
Nestle had strategically cut back on capital expenditure last week, Nigerian Breweries is contending every market space with all competition in the drink sector and last week launched into the bitters alcoholic sector fighting back recent successes of top contenders for consumers share of purse, and Forte oil is maximizing its turnaround efforts of the management and investment in the 414 megawatts Geregu power plant that effort ticked its share price by 1,164.55 per cent.
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