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Home Business News

Premier Paints revenue plunges to ₦190 million in 2017

Onome Ohwovoriole by Onome Ohwovoriole
March 27, 2018
in Business News, Company News
Ron Whitaker via Unsplash

Ron Whitaker via Unsplash

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Premier Paints Plc today released its financial statements for the year ended December 2017. Revenue fell sharply from ₦281 million in 2016 to ₦190 million in 2017.

The company’s loss before tax worsened from ₦32 million in 2016 to ₦76million in 2017. Loss after tax also increased from ₦33.5 million in 2016 to ₦53 million in 2017. The company declared no dividend.

Here is a copy of the result.

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Tags: 2017 FY results
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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