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

Berger Paints Nigeria Plc has declared a final dividend of 80 kobo to its shareholders for the year ended 31 December 2023.

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

Profit after tax of N468.8 million was reported for FY 2023, up by 124.66% from N208.67 million reported in FY 2022.

Earnings per share of the Company stands at N1.62

At the share price of N15.65, the P/E ratio of Berger Paints stands at 9.68x with earnings yield of 10.34%.

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