2021 Q1 Results: Portland Paints and Products Nigeria Plc reports a 131% increase in profit.

Portland Paints and Products Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue from contracts with customers was N476.46 million. (+22% YoY)
  • Cost of sales was N317.6 million. (+24.2% YoY)
  • Administrative expenses totalled N86.7 million. (-22.7% YoY)
  • Profit from continuing operations was N14.92 million. (+131.5% YoY)
  • Earnings per share of 2 kobo (+133.3% YoY)

See link to results.

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