Mustafa Turra General Manager at Berger Paints Jamaica reporting in the company’s just released annual report for the 2016-2017 Financial Year, solid business results, recording net profits of J$315.6 million, compared to J$122.1 million earned in the prior year, an increase of 158%.
For the period under review, Net Sales increased to J$2.36 billion, an increase of 15% over last year.
The Directors have recommend a special dividend of 20 cents per share totaling $42.86 million and a final dividend of 30 cents per share totaling $64.3 million for the year ended March 31, 2017 to be paid on August 11, 2017.
According to company Chairman Manish Choksi this performance reflects an impressive growth in the 2016-17 financial year, topping last year’s good performance, once again establishing their strong position as market leader. BM
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