Berger Paints reports N1.19bn turnover in 3 months

Berger Paints Nigeria Plc reported a turnover of N1.192 billion in the first quarter of 2021, up by 10.45% from N1.079 billion reported in the first quarter of 2020.

Profit after tax in Q1 2021 was N44.985 million, down by 32.35% from N66.498 million posted in Q1 2020.

The earnings per share (EPS) of Berger Paints dropped to 16 kobo from the EPS of 23 kobo achieved in Q1 2020.

At the share price of N6.5, the PE ratio of Berger Paints stands at 41.88x with earnings yield of 2.39%.

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