PORTPAINT Declares N115m Loss in Q3 2020 Results, (SP:N2.05k)

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MondayOctober 26, 2020 / 2:52 PM / NSE / Header Image Credit: Portland Paints 


Portland Paints & Products Nigeria Plc released its Q3 2020 Unaudited results for the period ended September 30th, 2020.


Key Highlights

  • Revenue declined by -38.4% to N1.2bn from N2bn in the previous quarter.

  • Loss before tax stood at N107m.

  • Loss after tax stood at N115m.

  • Net Assets declined by -7.3% from N1.6bn to N1.5bn.

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