Berger Paints Post 2013 Q1 Results – Earnings Drop By 23%

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Berger paints Plc posted its 2013 First Quarter earnings report with Revenue rising 12% to N606million. Gross Profit despite rising 6% to N230million did not better 2012 comparative results as margins dropped 5.3%. The company posted a pre-tax profit of N44million (2012 Q1: N57million) SG& A continues to eat deep on Gross Profit Margins. SG& A sliced off 91% of Gross Profit compared to 85% the year before.

I am yet to see an improvement in the companies operational efficiency.

Berger Paint Q1 2013 result was posted on the website of the NSE and check Berger Paints share price here