Premier Paints Plc. audited reports for the full year ended 31st December 2018 was released to the market on Friday 29th March, 2019. The reports showed a decline in topline figures to N164.588 million in 2018 below N190,510 million recorded in the preceding period of 2017. This represents a 13.61% full year fall in revenue.
The profit/loss after tax for the period under review also dropped further from a deficit of N53.9 million in 2017 to the current period deficit of N69.1million.
The earnings per share consequently declined by 28.26% falling from N0.44 to N0.56 in the period under review both in deficit.
The PE Ratio for the current period stands at -18.50x and the earnings yield at
-5.40%.
Premier Paints manufacture and market high quality products to meet unique needs of its numerous clients. Their range of products include decorative paints, auto-refinishes, wood finishes, industrial coatings, marine and protective coatings. The management of the company as at the time of computation did not disclose any information relating dividend