• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 1, 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

NMDPA Executive’s Outburst Against Dangote Refinery Threat To Nigeria, Africa — Analyst

Dangote Refinery Sustains US Crude Purchase With 5m Barrels

9 hours ago
Bala Wunti Exits NNPC, Reflects On Decades Of Impactful Leadership

Bala Wunti Exits NNPC, Reflects On Decades Of Impactful Leadership

9 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

Breaking NEWS: Nigerians can now earn in US Dollars, acquire ultra premium domains for low and sell for super profit. Our client acquired a domain for $3715 and got it sold for $42,000. Click here to see how you too can profit from the business.


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

NMDPA Executive’s Outburst Against Dangote Refinery Threat To Nigeria, Africa — Analyst
Business

Dangote Refinery Sustains US Crude Purchase With 5m Barrels

2025/06/01
Bala Wunti Exits NNPC, Reflects On Decades Of Impactful Leadership
Business

Bala Wunti Exits NNPC, Reflects On Decades Of Impactful Leadership

2025/06/01
NADF Unveils Gender-inclusive, Climate-smart Agric Finance Model
Business

NADF Unveils Gender-inclusive, Climate-smart Agric Finance Model

2025/06/01
Arewa Forum Praises Matawalle’s Peace Efforts In Sokoto
Business

Piracy: Minister Commissions 3 War Ships, Helicopters For Navy

2025/06/01
Eid-el-Fitr: 105 PalmPay Users To Get Free Smartphones
Business

PalmPay Empowers 1,500 Women Traders In Kaduna

2025/06/01
Abbey Mortgage Bank Pays N406.154m Dividend, Eyes Fresh Opportunities
Business

Recapitalisation: Abbey Mortgage Bank To Raise Additional N100bn Capital

2025/06/01
Leadership Conference advertisement

LATEST

Ogun Gov Donates N1m Each To Families Of Deceased Kano Athletes, Officials

MAAUN Partners 50 Varsities Across 21 Countries

Maths Meets Melody As Professor Drops Debut Album

Catholic Bishops Alarmed Over Disunity In Nigeria

FCT Rations Water As 2 Treatment Plants Undergo Repairs

Lagos-Calabar Coastal Highway Is Catalyst For Economic Growth, Says Gov Otu

Kano Gov’t Closes Schools For Sallah Celebration

Man Utd Complete £62.5m Signing Of Cunha From Wolves

Catholic Bishops Alarmed Over Nigeria’s Unity

Gov Oborevwori Condemns Age Falsification By Civil Servants

© 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.