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Berger Paints Grow Earnings by 35% to N1.078m in Q1 2020

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Berger Paints declares 80 kobo dividend to shareholders, boosts profit by 124.66%

By ADEBAYO OBAJEMU

Berger Paint Nigeria Plc for the first three months of the year 2020, reported 35.26% growth in gross Earnings from N797.6 million in Q1’19 to N1.078 billion in the current period.

The manufacturer of decorative, industrial automotive and marine paints, and allied products, reported a Profit After Tax of N66.499 million, down by 21.24% when compared with N84.433 million reported in Q1’19.

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Earnings per share of the firm stood at N0.23 from N0.29 previously reported same period last year.

Concerning the share price of N7.00 as of June 5th, the P.E ratio of Berger Paints is calculated as 30.51x with an earnings yield of 3.28%.

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