Berger Paints Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 14, 2013
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Berger Paints (Jamaica) announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported sales of JMD 584,601,000 against JMD 560,457,000 a year ago. Profit from operations was JMD 51,757,000 against JMD 61,974,000 a year ago. Profit before taxation was JMD 51,757,000 against JMD 62,022,000 a year ago. Net profit was JMD 38,818,000 or 0.18 cents per stock against JMD 41,342,000 or 0.19 cents per stock a year ago.
For the nine months, the company reported sales of JMD 1,288,407,000 against JMD 1,230,921,000 a year ago. Profit from operations was JMD 56,659,000 against JMD 78,509,000 a year ago. Profit before taxation was JMD 56,659,000 against JMD 61,887,000 a year ago. Net profit was JMD 42,495,000 or 0.20 cents per stock against JMD 41,252,000 or 0.19 cents per stock a year ago. Cash flows from operating activities were JMD 129,287,000 against cash flows used in operating activities of JMD 59,967,000 a year ago.
Berger Paints Jamaica Limited manufactures and distributes decorative, industrial, wood, and paint-related materials, as well as automotive coatings. The principal activity of the Company is the manufacture and distribution of paints and paint-related processed materials. The Company provides paint products and services, delivering protection to homes and institutions across Jamaica. The Company's products include Berger Royale Luxury Interior Satin Emulsion, Berger Alkali Sealer, Berger 404 House & Roof Paint, Berger Weatherproof Ultra Semi-Gloss, Berger Everglow Low-Sheen Emulsion, Berger Magicote Flat Emulsion, Berger Magicote Oil Paint, Berger Roof Compound, Berger RustPro Anti-Rust Enamel, Berger Swimming Pool Paint, Berger Wood Primer White, Berger Zinc Chromate Red Oxide Primer, Berger Water-Based Floor Paint, Berger Water-Based Floor Paint, Woodcare Polyurethane Gloss Varnish, Woodcare Water Based Wood Stain, and others.