Ghana’s leading total beverage manufacturing company, Guinness Ghana Breweries PLC has declared a dividend for the third year running to its shareholders, after the company’s 48th Annual General Meeting held in Accra.
The financial year under review delivered ¢4.26 million in dividend, which translates into a dividend payout of ¢0.0138 per share, which was approved by the shareholders on Wednesday.
The Board Chairman of Guinness Ghana Dr Felix Addo said the company has had another positive performance and remains unrelenting on its ambition to create the best performing, most trusted and respected consumer products company in Ghana.
“Guinness Ghana delivered a strong performance in the first nine months of the year. This was mainly driven by strong topline growth in major products category and benefit from our strong brand equity and Capex investment”, he said.
He, however, noted that the outbreak of Covid-19 presented significant challenges for the business as the on-trade was closed for the fourth quarter, but was proud that the full-year sales performance still grew significantly versus last year whilst the business kept the health and safety of our employees and supporting our communities as a priority.
“Despite our challenges this year we are still focused on ensuring a sustainable performance and value creation for the company, it’s high performing team, communities, consumers and to deliver on our strategic priorities” he added.
The Board Chairman noted that this year marks 60 years of operations in the country and the business has a clear focus and continuous ambition on partnering for growth, driving out cost and re-investing in growth of the business in order to step-up its productivity agenda.
Mr. Addo also indicated that to deepen corporate governance, the business is committed to ensuring its sustainability of the company through a robust corporate governance framework.
He added, “you would have noticed that this year, we have presented a full report on our sustainability projects in the annual report instead of the highlights I would have given in my statement.”
The meeting was also used to authorize the appointment of Dr. Helene Weesie, Managing Director of business, who took over from Mr. Gavin Pike in September 2020.
Ms. Teye Mkushi and Mr. Ignacio Blazquez Salvador, who have both served on the Board since 2017 were also re-elected in accordance with the Companies Act.
Latest Stories
-
South Africa’s Zulu queen buried
12 mins -
Today’s front pages: Friday, May 7, 2021
43 mins -
FixTheCountry: Is there any country that does not need fixing? – Stephen Amoah quizzes
44 mins -
Demolish structures along ‘Right Of Way’ for railway projects – Otumfuo Osei Tutu II
1 hour -
Innovation Creativity and Entrepreneurship Programme to create opportunity for 140 Young entrepreneurs
2 hours -
Ghana takes delivery of 350,000 doses of Covid-19 vaccines
2 hours -
#FixTheCountry protestors could be NDC – Freddie Blay
2 hours -
Message from the Morning Man: Mrs Awuku’s Kettle
3 hours -
Chiefs urged to remove cultural barriers affecting women’s participation in leadership
4 hours -
Public urged to put political colours aside for national development
4 hours -
What is the big deal? – Bridgette Dzogbenuku on WGHS refusing to let students fast
4 hours -
‘Our ethos was happy music and good vibes’: genre-busting Black British band Osibisa
5 hours -
Remind the public we are not in normal times – Oppong Nkrumah tells Media
5 hours -
76-year-old prophetess burnt to death at Komenda
5 hours -
The youth of Ghana are dissatisfied – Dr Kofi Amoah
5 hours