The Directors of Berger Paints Jamaica Limited have released Unaudited Financial Statements for the Third Quarter ended December 31, 2016 Reporting Improved Earnings Per Share Of 86 Cents Up From 37 Cents last year.
The company performed well in the 3rd quarter achieving paint sales of JA$ 1.9 billion for the nine months’ a growth of 14% over the same period last year.
Mustafa Turra General Manager is crediting the result to novel sales & marketing initiatives and continued focus on product availability & service levels, helping the company in gaining market share.
The company achieved year to date profit after tax of JA$250 million, representing an I27o/o increase on the JA$110 million for the comparative period. The growth in PAT was mainly due to increased sales and continued focus on efficiencies both in operations and administration.
Berger Paints Jamaica Limited traded at its 52-week high of $6.75.
The stock traded up 8% or 48 cents on volumes of 85,937 units to close at $6.48 on the Jamaica Stock Exchange Main market today.