Berger Paints Nigeria Plc profit declines to N45 million in Q1 2021

Berger Paints Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

• Revenue for the period was N1.19 billion. (+10% YoY)
• Cost of sales was N617.8 million. (+24.1% YoY)
• Administrative expenses of N300.17 million. (+6.3% YoY)
• Operating profit of N79.8 million. (-32% YoY)
• Profit for the period was N44.99 million. (-32% YoY)
• Earnings per share of 16 kobo Vs 23 kobo YoY
• Net assets per share of N11.01 Vs N10.8 YoY

See link to results.