The unaudited Results for the First Quarter ended March 31, 2019, released by the The Company that offers architectural, road lining, and wood paints, as well as provision of auto refinishes, coatings, and adhesives in Nigeria revealed that the group grew its Gross Earnings by 34% from N2445million in Q1’18 to N327.6 million in the current period under review.
The Profit After Tax for the period under review soared by 99.52% to close at a deficit of N292 thousand above a deficit of N61million reported same period last year.
Meyer Plc Shareholders’ earnings per share grew by 99% from N0.115 to N0.001 both in deficit
At a reference price of N0.59, the company’s PE Ratio stands at -1073x with earnings yield of -0.09%.