Beta Glass Plc, Nigeria’s biggest glass maker, doubled its dividend to N1.76 billion after reporting a 112 percent jump in profit after tax (PAT) for the 2024 financial year, the firm announced at its 51st Annual General Meeting held recently in Lagos.
Shareholders approved a dividend of N2.95 per share, up from N1.40 the previous year, after the Frigoglass Group subsidiary posted strong growth in both pricing and sales volumes.
Full-year revenue rose 87 percent, driven by a 61 percent price increase and 16 percent volume growth, reflecting robust market demand across West and Central Africa.
