Berger Paints boost profit by 153% in Q4 2023

Berger Paints Nigeria Plc over the weekend published its Q4 Unaudited Financial Statement for the year ended 31 December 2023.

The Group reported a turnover of N7.91 billion for the 12 months period, up by 24.93% from N6.33 billion reported the previous year.

Profit after tax grew year on year by 153.39% to N528.74 million from N208.67 million reported the previous year.

Earnings per share of Berger Paints stands at N1.82.

At the share price of N15.80, the P/E ratio of Berger Paint stand at 8.66x with earnings yield of 11.55%.

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