Berger Paints Nigeria PLC, BERGER:LAG profile

IndustrialsGeneral Industrials

Price (NGN)15.35
Today's Change0.35 / 2.33%
Shares traded18.02k
1 Year change+42.79%
Beta0.5366

Data delayed at least 60 minutes, as of Jul 26 2024 14:11 BST.

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About the company

Berger Paints Nigeria Plc is a Nigeria-based company that is engaged in the manufacturing, sale and distribution of paints and allied products, and renting of investment property. The Company also provides painting services. The Company’s products and services include, Pre-Decoratives and Primers, Decorative Brands, Marine and Protective coatings, Industrial Coatings, and Swift Painting. Its Pre-Decoratives and Primers include Rufhide, Red Oxide Metal Primer, and Alkaline Resisting Primer. Its Decorative product includes Premium brand which includes Luxol and Satin, and Superstar is the Standard brand. Its Marine and Protective coatings include Epoxy coatings, Acrylic Polyurethane, Silicon Heat Resisting, Marine/Alkyd Gloss, and Antifouling paint. Its Industrial Coatings include Thinners, Alkyd Gloss, and Road Marking Paints. Its Swift Painting offers advanced painting services using innovative technologies.

Revenue in NGN (TTM)8.54bn
Net income in NGN401.06m
Incorporated1959
Employees136.00

Location
Berger Paints Nigeria PLC102, Ikeja Industrial EstateOba Akran AvenueP.M.B. 21052, IkejaLAGOS 21052NigeriaNGA
Phone+234 9 062496104
Fax+234 12805160
Websitehttps://bergerpaintsnig.com/

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Income statement (NGN)

Year on year Berger Paints Nigeria PLC grew revenues 25.84% from 6.33bn to 7.97bn. In addition the company has reduced the cost of goods sold as a percent of sales, selling, general and administrative expenses as a percent of sales and interest paid as a percent of sales. These improvements contributed to 113.41% net income growth from 208.67m to 445.33m.

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