• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 24, 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

FITC ESG Conference To Advance Africa’s Transformative Solutions

FITC ESG Conference To Advance Africa’s Transformative Solutions

29 minutes ago
Flutterwave Powers Business Growth In Cameroon With Fully Licensed Payment Services

Flutterwave Powers Business Growth In Cameroon With Fully Licensed Payment Services

31 minutes 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

FITC ESG Conference To Advance Africa’s Transformative Solutions
Business

FITC ESG Conference To Advance Africa’s Transformative Solutions

2025/06/24
Flutterwave Powers Business Growth In Cameroon With Fully Licensed Payment Services
Business

Flutterwave Powers Business Growth In Cameroon With Fully Licensed Payment Services

2025/06/24
Entrepreneurs, Marketplace Leaders Tasked On Ethical Behaviour, Capacity Building
Business

Entrepreneurs, Marketplace Leaders Tasked On Ethical Behaviour, Capacity Building

2025/06/24
Young Agri-Tech Innovators Storm Uganda For AYuTe 2025
Business

Nigeria, Kenya, Ghana, Shine As 4 Young Innovators Win AYuTe NextGen 2025

2025/06/24
FAAN, NSA Collaborate  To Reduce Checkpoints At Airport Terminals
Business

FAAN Hikes Tariffs At Airports, Laments 8% Revenue From Non-aeronautical Sources

2025/06/24
BREAKING: Edun Submits Minimum Wage Cost to Tinubu
Business

FG Rakes In N6.9trn Revenue In 4 Months, Targets Stronger Fiscal Position

2025/06/24
Leadership Conference advertisement

LATEST

BREAKING: Israel, Iran Agree To Ceasefire — Trump

Plateau Mob Action: Gov Sani Visits Survivors At Army Reference Hospital In Kaduna

FITC ESG Conference To Advance Africa’s Transformative Solutions

Flutterwave Powers Business Growth In Cameroon With Fully Licensed Payment Services

Entrepreneurs, Marketplace Leaders Tasked On Ethical Behaviour, Capacity Building

Stop Collecting Comprehensive Import Suspension Scheme, Reps Tell Customs

Nigeria, Kenya, Ghana, Shine As 4 Young Innovators Win AYuTe NextGen 2025

FAAN Hikes Tariffs At Airports, Laments 8% Revenue From Non-aeronautical Sources

FG Rakes In N6.9trn Revenue In 4 Months, Targets Stronger Fiscal Position

Roundtable To Build Roadmap For Tax ADR In Nigeria

© 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.