Portland Paints and Products Nigeria Plc announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was NGN 581.359 million compared to NGN 809.176 million a year ago. Operating loss was NGN 5.418 million compared to operating Income of NGN 95.212 million a year ago. Net loss was NGN 2.120 million compared to net income of NGN 65.430 million a year ago. Basic loss per share was NGN 0.0027 compared to basic earnings per share of NGN 0.0825 a year ago. Diluted loss per share was NGN 0.0024 compared to diluted earnings per share of NGN 0.0741 a year ago. For the half year, sales was NGN 1,358.710 million compared to NGN 1,433.277 million a year ago. Operating income was NGN 89.600 million compared to NGN 128.990 million a year ago. Net income was NGN 64.272 million compared to NGN 89.078 million a year ago. Basic earnings per share was NGN 0.08 compared to NGN 0.11 a year ago.