Portland Paints Revenue Hits N 2.5 billion, Proposes 20 kobo Dividend in 2011 Earnings
Portland Paints a major distributor of building materials in the country has released its 2011 audited financial statements.
The company reported an 8.6% growth in revenue at N 2.5 billion from N 2.38 billion in 2010.
Profit before tax also appreciated 11.4% to N 274 million from N 246 million in 2010.
Net income also rose 19.2% to N 156 million from N 131 million in 2010.
The company grew its fixed assets by 158.9% at N633 million from n 244 million in 2010.
The directors have proposed a dividend of 20 kobo, and the company will hold its Annual General Meeting on the 8th of June at the Sheraton in Ikeja.
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
