BERGER PAINTS NIGERIA : QUARTER 2 - FINANCIAL STATEMENT FOR 2023

Berger Paints Nigeria Plc Unaudited Report - Second Quarter ended

30 June 2023

Berger Paints Nigeria Plc

Second Quarter Report

30 June 2023

Contents	Page
Corporate Information	2
Financial Highlights	4
Statement of Financial Position	5
Statement of Profit or Loss and Other Comprehensive Income	6
Statement of Changes in Equity	7
Statement of Cash Flows	8
Notes to the Financial Statements	9
Other National Disclosures	54

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Berger Paints Nigeria Plc

Second Quarter Report

30 June 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

Registration

Number:

TIN

FRC Registration Number:

Registrars:

Independent

Auditor:

Bankers:

Trading Name:	Berger Paints Nig. Plc. (Berger)
Ticker Symbol:	Berger
Sector:	Industrial Goods
Sub Sector:	Building Materials
Market Classification:	Main Board
RC: 1837
01335257-0001

FRC/2012/0000000000295

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

KPMG Professional Services

KPMG Tower

Bishop Aboyade Cole Street,

Victoria Island, Lagos

Tel: [phone] (or 8599)

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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

Second Quarter Report

30 June 2022

Shareholding Structure and Free Float Status

Company Name:	Berger Paint Nigeria PLC
Board Listed:	Main Board
Year End:	31 December
Reporting Period:	30-Jun-23
Share Price at end of reporting period:	N10 (30 June 2022: N7.70)
	30 June 2023	30 June 2022
Description	Unit	Percentage	Unit	Percentage
Issued Share Capital	289,823,447	100.00	289,823,447	100.00
Substantial Shareholdings (5% and above):
JUREWA INVESTMENTS LIMITED	16,685,111	5.76	16,685,111	5.76
HARMONY TRUST & INVT. CO LTD.	20,000,000	6.90	20,000,000	6.90
ALEMAJE AND COMPANY LIMITED	16,315,506	5.63	16,315,506	5.63
CAB (OVERSEAS HOLDINGS) LIMITED	16,315,506	5.63	16,315,506	5.63
MIKEADE INVESTMENTS LIMITED	19,196,095	6.62	19,196,095	6.62
Total Substantial Shareholdings	88,512,218	30.54	88,512,218	30.54
Directors Shareholdings (Direct & Indirect, excluding Directors with Substantial Interests
MR. AYIDA ABI	625,601	0.22	625,601	0.22
MR. RAJ MANGTANI	-	-	-	-
MR. ADEKUNLE OLUROTIMI OLOWOKANDE	197,965	0.07	197,965	0.07
MR. ANJAN SIRCAR	-	-	-	-
MRS. OGECHI IHEANACHO	-	-	-	-
MRS. EREJUWA GBADEBO	-	-	-	-
MRS. AISHA UMAR	-	-	-	-
MR. VICTOR OLUSEGUN ADENIJI	-	-	-	-
Total Directors' Shareholdings	823,566	0.29	823,566	0.29
FREE FLOAT IN UNITS & PERCENTAGE	200,487,663	69.17	200,487,663	69.17
FREE FLOAT IN VALUE (N)	2,004,876,630		1,543,755,005

Declaration: Berger Paints PLC with a free float value of N2,004,876,630 (69.17%) as at 30 June 2023 (30 June 2022: N1,543,755,005(69.17%)) is compliant with the Nigerian Stock Exchange's free float requirements for companies listed on the Main Board.

Omolara Bello

Company Secretary/ Legal Adviser

FRC/2019/NBA/00000019782

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				Berger Paints Nigeria Plc
					Second Quarter Report
						30 June 2023
Financial Highlights
In thousands of naira
	6 Mths to 30		6 Mths to 30
	Jun 2023		Jun 2022		%
Revenue	3,545,294	3,004,027	18
Gross profit	1,182,943	929,022	27
Operating profit	438,020	188,005	133
Profit before taxation	439,721	185,906	137
Profit for the period	299,010	126,416	137
Share capital	144,912	144,912	-
Total equity	3,419,579	3,323,445	3
Data per 50k share
Basic earnings per share (kobo)	103	44	137
Net assets per share (Naira)	11.80	10.75	10
Market price per share as at period end (Naira)	10.00	7.70	30
Market capitalization as at period end	2,898,240	2,231,645	30

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