Berger Paints posts 14% growth in revenue in Q3’18

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Berger Paints Nigeria Plc, in its third quarter report for the period ended September 30, 2018, recorded 14.42% growth in revenue closing at N2.45 billion as against the previous close of N2.14 billion in third quarter of 2017.

Cost of sales was N1.37 billion, which is 12.95% above N932.7 million recorded in the corresponding quarter of 2017.

Gross Profit grew by 16.33%, closing at N729.4 million compared to the previous close of N641.7 million in the third quarter of 2017.

Profit before Tax appreciated by 59.43% to close at N267.2 million from the previous close of N167.6 million in the third quarter of 2017.

For the period under review, income tax expense was N85.5 million bringing the Profit after Tax (PAT) to close at N181.7 million, which is actually a growth of 59.43% from the previous PAT in the third quarter report of 2017.

The earnings per share (EPS) is currently 63 kobo, which is a growth of 61.54% when compared to the previous EPS of 39 kobo in the third quarter of 2017.

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