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PORTPAINT Declares N47m Loss in Q1 2020 Results, (SP:N2.23k)

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Simonson Harry

Well-Known Member
Apr 21, 2020
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Portland Paints and Products Nigeria PLC released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

  • Revenue declined by -49.8% to N390m from N777m in the previous quarter.
  • Loss before tax stood at N39m.
  • Loss after tax stood at N47m.
  • Net Assets declined by -2.97% to N1.5bn from N1.6bn.
 
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