• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, July 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Berger Paints Shareholders Approve N232m Final Dividend For 2023

by Olushola Bello
1 year ago
in Business
Berger Paint
Share on WhatsAppShare on FacebookShare on XTelegram

Shareholders of Berger Paints Nigeria Plc have approved a final dividend payout of N232 million for the year ended December 31, 2023.

Advertisement

The shareholders gave their approval at the Company 64th Annual General Meeting in Lagos. The national coordinator, Pragmatic Shareholders Association, Mrs. Adebisi Bakare, stated that the 2023 performance was a significant improvement on the previous year against the background of headwinds such as high energy cost, soaring inflation rate and exchange rate, in addition to low purchasing power of consumers.

According to her, Berger Paints was able to maintain its leadership position in the paints manufacturing industry in Nigeria.

Also, Chief Sunny Nwosu of Independent Shareholders’ Solidarity Association of Nigeria (ISSAN) expressed satisfaction with the company’s impressive performance and commended its board and management for the balanced gender representation in their compositions.

Despite the inclement operating environment, Berger Paints declared a dividend of N232 million for the 2023 financial year up from N203 million paid in 2022, amounts to a dividend of 80 kobo per share for its shareholders. This brings the final dividend for the review period to N1.00 per share, having paid 20 kobo interim dividend.

RELATED

Eterna Plc Reports Strong FY 2024 Performance

Eterna Plc Reports Strong FY 2024 Performance

2 minutes ago
Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

8 hours ago

In the period under review also, the company’s share price jumped to 116 per cent capital appreciation, from N6 in December 2022 to N13 by December 2023. Berger Paints showed impressive returns as profit after tax recorded a significant surge of 125 per cent from N208 million in 2022 to N445 million in 2023.
The chairman of the Company, Abi Ayida, explained that adherence to many sustainability initiatives enhanced the company’s performance in the review period. Ayida also attributed the stellar performance to five key pillars: product innovation, market expansion, operational efficiency, customer experience and strategic partnerships.

“In the face of market uncertainties, Berger Paints maintained its position as a leading player in the paints and coating industry. Our relentless commitment to innovation, product quality, and customer satisfaction has not only fortified our market presence but also empowered us to seize new opportunities for growth. Currently, Berger Paints operates within the premium and super premium segments of the market,” explained Ayida.

Corroborating him, the managing director, Alaba Fagun, stated that the performance was a testament to synergistic collaboration between the workers and the company’s strategic vision.

According to her, the management deployed a harmonious blend of financial acumen, operational resilience, and strategic foresight’ while looking forward to building upon these accomplishments, fostering sustainable growth, and delivering enduring value to our esteemed shareholders.

“Beyond the quantitative achievements, our success story in 2023 was intricately woven with qualitative advancements, which ‘is a testament to the synergistic collaboration between our adept workforce and the strategic vision set forth by the leadership.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Berger Paints
SendShareTweetShare
Previous Post

PTDF Boosts Oil & Gas Manpower, As 5,000 Screens For Overseas Scholarship

Next Post

6 Nigerian Fintech Firms Compete For Visa’s 2nd Accelerator Programme Funding

Olushola Bello

Olushola Bello

You May Like

Eterna Plc Reports Strong FY 2024 Performance
Business

Eterna Plc Reports Strong FY 2024 Performance

2025/07/27
Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa
Business

Shettima To Represent Nigeria At 2nd UN Food Systems Summit In Addis Ababa

2025/07/27
ASIS 4.0: Stakeholders Pledge Collaboration To Unlock Africa’s Potential
Business

ASIS 4.0: Stakeholders Pledge Collaboration To Unlock Africa’s Potential

2025/07/27
Caverton Champions Sustainable Marine Mobility With Award-winning Research
Business

Caverton Champions Sustainable Marine Mobility With Award-winning Research

2025/07/27
CORBON Inducts 420 Registered Builders, Announces Competition
Business

CORBON To Register, Train Additional Cadres Of Building Artisans

2025/07/27
Nigerians In Diaspora Invest $90bn In Economy – Commission
Business

FirstBank, NiDCOM’s New Platform Targets Safer Homeownership For Nigerians Overseas

2025/07/27
Leadership Conference advertisement

LATEST

Eterna Plc Reports Strong FY 2024 Performance

Mission X: NFF Plans Motorcade Welcome For Super Falcons In Abuja

Iyere Lauds Olawande As ‘Best Youth Minister’, Hails His Commitment To Empowerments

Residents Jubilate Over Killing Of 3 Notorious Bandits In Sokoto

WAFCON: ‘You’ve Made Us Proud’, Jonathan Celebrates Super Falcons

Gov Sani Donates Vehicles To Federal Varsity Kachia

Falcons’ Victory: Nigeria Coming Back On Global Stage, Says Olawepo-Hashim

Court Remands TikToker, 1 Other Over Alleged Libel Against Late Mohbad’s Wife

JUST-IN: Gunmen Abduct 6 Law School Students In Benue

Bandits Kill 38 Kidnap Victims In Zamfara

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.