PORTPAINT Declares N75.48m Loss in Q2 2020 Results, (SP:N2.23k)


Wednesday, August 5, 2020 / 8:17 AM / By NSE / Header Image Credit:  Portland Paints & Products Nig Plc

Portland Paints and Products Nigeria Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

Key Highlights

  • Revenue declined by -43.28% to N770.77m from N1.35bn in the previous quarter.

  • Profit before tax declined by 170.88% to N66.99m.

  • Profit after tax declined by 217.45% to N75.48m.

  • Net Assets declined by 4.74% from N4.74bn to N1.50bn.

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