Home Tag "Berger Paints Jamaica Limited"

Mayberry Investments Joins John Jackson, In Calling For A Rejection Of Ansa Coating International’s Offer – Updated

The number of shareholders coming out and publicly rejecting Ansa Coating International Limited’s offer to purchase the ordinary shares in Berger Paints Jamaica Limited, now held by minority shareholders is growing. Mayberry Investments Limited, noted financial analyst John Jackson, Sagicor Investments, a subsidiary of Sagicor Group which controls more than 10 percent of Berger Paints […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

ANSA Coatings International Issues Take Over Bid Circular For Berger Paints Jamaica Limited

ANSA Coatings International Limited a wholly owned subsidiary of ANSA McAL Limited has issued a take over bid circular to the registered shareholders of Berger Paints Jamaica Limited (BRG) to acquire 48.99% of the share capital of the Company being the remaining 104,990,171 issued ordinary shares of BRG at JMD10.88 or USD0.08485 per ordinary share […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Corporate Movements – August 2017

Mayberry Investments Limited (MIL) as advised that Mr. Nathanael Samuels resigned from his post as Chief Financial Officer effective August 31, 2017. MIL also advised that Mrs. Dianne Tomlinson-Smith will assume the role, effective September 1, 2017. Unilever Caribbean Limited is pleased to announce the appointment of Ms. Nanda Persad as Finance Manager with effect […]

Peter Moses Now Chairman of FGB as Douglas Orane Retires

Berger Paints Jamaica Reporting 10.6% Increase In Net Profits And 10% Reduction In Net Sales For Q1

Berger Paints Jamaica Limited is reporting in its just released unaudited financial statement for the first quarter ended June 30th 2017, net profits of JA$23.4 Million, a 10.6% increase over the JA$21.1 M reported for corresponding 2016 period. Berger Jamaica however recorded a 10% reduction in net sales to JA$454.6 M compared to JA$506.1 M […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

ANSA McAL Takes Control of Berger Paints Jamaica

Berger Paints Jamaica Limited has advised that Trinidad and Tobago based Ansa Coatings International Limited indirect offer to purchase 51% of Berger Paints Jamaica Limited was completed on Monday July 24, 2017. Arising from this, Lewis Berger Overseas Holding who owns the 51% of the issued share capital in Berger Paints Jamaica Limited, is now […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Berger Paints Report Net Sales Up to J$2.36 billion 15% over last year.

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 […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Share Structure of the ANSA McAL Deal To Acquire Berger Paints Caribbean Operations

Berger Paints Jamaica Ltd. (BRG) has advised that on June 16 16, 2017, it received a notice that Ansa Coatings International Limited (ACIL), a subsidiary of the ANSA McAL Group (“ANSA McAL”) has entered an agreement with Berger International Private Limited (BIPL), the parent company of Lewis Berger (Overseas Holding) Limited (a company incorporated in UK) […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17

Berger Paint’s Jamaican Operation Is Now The Target Of An Acquisition Attempt – Jackson

IC Insider.com is reporting that Berger Paint’s Jamaican operation is now the target of an acquisition attempt, by yet to be confirmed investors. Commenting on the prospect further, noted financial analyst and publisher of IC Insider.com John Jackson, indicated that he knew as a fact that an offer was made on Thursday but was rejected […]

Standard Poor’s Downgrades Barbados For The Second Time In Six Months

Berger Paints Jamaica – Reporting Improved EPS 86 Cents Up From 37 Cents

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 […]

Knutsford Express Recorded 40% Increase In Net Profit To $170M For 2016/17