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Home Opinions Blurb

Berger Paints Post 2013 Q1 Results – Earnings Drop By 23%

Ugodre Obi-chukwubyUgodre Obi-chukwu
10 years ago
in Blurb
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Berger paints Plc posted its 2013 First Quarter earnings report with Revenue rising 12% to N606million. Gross Profit despite rising 6% to N230million did not better 2012 comparative results as margins dropped 5.3%. The company posted a pre-tax profit of N44million (2012 Q1: N57million) SG& A continues to eat deep on Gross Profit Margins. SG& A sliced off 91% of Gross Profit compared to 85% the year before.

I am yet to see an improvement in the companies operational efficiency.

Berger Paints Q1 2013 Snapshot

Berger Paint Q1 2013 result was posted on the website of the NSE and check Berger Paints share price here

Tags: EARNINGS REPORTNigerian Company Results

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