PORTPAINT Declares N84.9m PAT in 2019 Audited Result,(SP:N2.23k)


Wednesday, May 06, 2020 / 7:58 PM / NSE / Header Image Credit: Portland Paints

Portland Paints & Products Nigeria Plc released its 2019 Audited results for the period ended December 31st, 2019.

Key Highlights

  • Revenue declined by -7.7% to N2.6bn from N2.8bn in the previous quarter.

  • Profit before tax declined by 58.6% to N127m.

  • Profit after tax declined by 58.9% to N84.9m.

  • Net Assets grew by 2.9% to N1.6bn from N1.5bn.

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