WorldStage Newsonline– Beta Glass, a major supplier of glass packaging in West Africahas released its reports for the year ended 31 December 2021 with 57.43% growth in profit after tax to N5.458 billion from N3.467 billion in 2020.
Revenue for the year rose to N36.983 billion from N25.637 billion in 2020.
The directors have recommended payment of a gross dividend of N1.10 per ordinary share to shareholders in the register as at the close of business on June 10, 2022.
In addition, the directors also recommended the capitalisation of N55,552,285.00 from the retained earnings to be distributed as fully paid up ordinary shares to existing shareholders in the register as at the close of business on June 10, 2022 in the proportion of one new shares to every five existing shares.
