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.