Dr. Felix Addo (right) addressing the meeting
GUINNESS GHANA Breweries PLC has declared dividend for the third year running to its shareholders, after the company’s 48th annual general meeting in Accra.
The financial year under review delivered GH¢4.26 million in dividend, which translated into a dividend payout of GH¢0.0138 per share, which was approved by the shareholders on Wednesday.
Board Chairman of Guinness Ghana, Dr. Felix Addo, said the company had had another positive performance and remained unrelenting on its ambition to create the best performing, most trusted and respected consumer product 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 benefitting 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; while the business kept the health and safety of employees and supporting the communities as a priority.
“Despite our challenges this year, we are still focused on ensuring a sustainable performance and value creation for the company, its high performing team, communities, consumers and to deliver on our strategic priorities,” he added.
The board chairman noted that this year marked 60 years of operations in the country and the business had 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 was committed to ensuring its sustainability of the company through a robust corporate governance framework; adding that “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. Teye Mkushi and Ignacio Blazquez Salvador, who have both served on the board since 2017 were also re-elected in accordance with the Companies Act.