BERGER PAINTS NIGERIA : QUARTER 1 - FINANCIAL STATEMENT FOR 2023

Berger Paints Nigeria Plc

First Quarter Report

31 March 2023

Berger Paints Nigeria Plc Unaudited Report - First Quarter ended

31 March 2023

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Berger Paints Nigeria Plc

First Quarter Report

31 March 2023

Contents	Page
Corporate Information	2
Financial Highlights	3
Statement of Financial Position	4
Statement of Profit or Loss and Other Comprehensive Income	5
Statement of Changes in Equity	6
Statement of Cash Flows	7
Notes to the Financial Statements	8
Other National Disclosures	53

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Berger Paints Nigeria Plc

First Quarter Report

31 March 2023

Corporate Information

Board of Directors:	Abi Ayida	-	Chairman
	Adekunle Olowokande	-	Non - Executive Director
	Raj Mangtani (Indian)	-	Non - Executive Director
	Ogechi Iheanacho	-	Non - Executive Director
	Erejuwa Gbadebo	-	Independent Non - Executive Director
	Aisha Umar	-	Independent Non - Executive Director
	Alaba Fagun	-	Managing Director
Company
Secretary/Legal	Omolara Bello
Adviser
Registered Office:	102, Oba Akran Avenue,
	Ikeja, Industrial Estate
	P.M.B. 21052, Ikeja, Lagos.
Contact Details	Mobile: [phone]
	0700BERGERPAINTS [0700237437724687]
	Email: [e-mail]
	Website: www.bergerpaintsnig.com
Social Media	Facebook: www.facebook.com/BergerPaintsNigeriaPlc
Accounts

LinkedIn: www.linkedin.com/company/berger-paints-nigeria-

Twitter: www.twitter.com/BergerPaintsNg

Instagram: www.instagram.com/bergerpaintsnigeriaplc

You Tube: www.youtube.com/channel/UCD_T-Wid299NWbfHxA4rGXg

Investors Relation	Berger Paints Nigeria Plc. has a dedicated investors' portal on its corporate
	website which can be accessed via this link:
	https://bergerpaintsnig.com/investor/
	The Company's Investors' Relations Officer can also be reached through
	electronic mail at: [e-mail]; or telephone on:
	[phone] for any investment related enquiry.
NSE Trading
Information	Trading Name:	Berger Paints Nig. Plc. (Berger)
	Ticker Symbol:	Berger
	Sector:	Industrial Goods
	Sub Sector:	Building Materials
	Market Classification:	Main Board
Registration
Number:	RC: 1837
TIN	01335257-0001
FRC Registration
Number:	FRC/2012/0000000000295
Registrars:	Meristem Registrars Limited
	213, Herbert Macaulay Way, Adekunle, Yaba, Lagos.
	P.O. Box 51585, Falomo, Ikoyi, Lagos
	Tel: [phone]
	Email: [e-mail]
	Website: www.meristemregistrars.com

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Berger Paints Nigeria Plc

First Quarter Report

31 March 2023

Independent
Auditor:	KPMG Professional Services
	KPMG Tower
	Bishop Aboyade Cole Street,
	Victoria Island, Lagos
	Tel: [phone] (or 8599)
Bankers:	Access Bank Plc	Keystone Bank Limited
	Ecobank Nigeria Limited	Polaris Bank Limited
	Fidelity Bank Plc	Union Bank of Nigeria Plc
	First Bank of Nigeria Limited	United Bank for Africa Plc
	First City Monument Bank Limited	Wema Bank Plc
	Guaranty Trust Bank Plc	Zenith Bank Plc
	Heritage Bank Ltd

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Berger Paints Nigeria Plc

First Quarter Report

31 March 2023

Financial Highlights

In thousands of naira

	3 Mths to 31		3 Mths to 31
	Mar 2023		Mar 2022		%
Revenue	1,834,488	1,651,826	11
Gross profit	606,675	516,449	17
Operating profit	270,878	134,613	101
Profit before taxation	270,867	133,847	102
Profit for the period	184,188	91,016	102
Share capital	144,912	144,912	-
Total equity	3,507,632	3,323,445	6
Data per 50k share
Basic earnings per share (kobo)	64	31	102
Net assets per share (Naira)	12.10	11.01	10
Market price per share as at period end (Naira)	7.00	6.50	8
Market capitalization as at period end	2,028,768	1,883,856	8

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