Berger Paints Nigeria Plc: Notice of Board Meeting/Closed Period.

Berger Paints Nigeria Plc has notified its shareholders, the investing public and other relevant stakeholders that it will be hosting a Board of Directors Meeting on Thursday, October 28, 2021.

This is according to a notice signed by the company’s secretary, Ayokunle Ayoko, and filed with the Nigerian Exchange Limited (NGX).

According to the notice, the board meeting is scheduled to enable the Directors review and approve the company’s unaudited financial accounts for the third quarter ended 30th of September, 2021.

In line with the statutory provisions of the NGX, the company disclosed that it had already commenced a closed period from October 1, 2021. The closed period will last until 24 hours after the financial results have been released to the NGX and made public.

During the closed period, all insiders and their connected persons are prohibited from trading (i.e. buying, selling, transferring or otherwise dealing) in the company’s shares.

 

For more information about the disclosure, click HERE.

 

Berger Paints Nigeria Plc profit declines to N45 million in Q1 2021

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

  • Revenue for the period was N1.19 billion. (+10% YoY)
  • Cost of sales was N617.8 million. (+24.1% YoY)
  • Administrative expenses of N300.17 million. (+6.3% YoY)
  • Operating profit of N79.8 million. (-32% YoY)
  • Profit for the period was N44.99 million. (-32% YoY)
  • Earnings per share of 16 kobo Vs 23 kobo YoY
  • Net assets per share of N11.01 Vs N10.8 YoY

See link to results.