25% jump in Berger Jamaica profit

Berger Paints Jamaica enjoyed a 25 percent jump in after tax profit, for the December quarter and 12 percent for the nine months to December, thanks to lower tax rate as profit before tax was up 16 percent and only 4.5 percent respectively.
Berger280X150Sales revenues were up 9 percent in the quarter, to $679 million and 6 percent for the nine months to reach $1.496 billion. Profit before tax, amounted to $84 million for the quarter, up from $72.5 million and $95.3 million versus $91 million.
After providing $21 million for tax, net profit for the quarter ended at $63 million or 30 cents per share, and for the nine months, earnings ended at $71.5 million or 33 cents per share.
At year end, cash ended at $48 million compared $41 million at the end of March, but current assets climbed to $891 million from $674 million at March and $792 million at the end of 2013. Current liabilities rose as well, to $422 million from $390 million at the end of 2013 and $290 at March last year.
Going forward, Berger should benefit from the lower price for oil on the world market as a major input into producing paints is oil based products. Profits for the year to March, should end around 34 cents. Investors should be seeing a large portion of the profit being paid out as dividend, with the stock price now at $1.56, the yield could exceed 10 percent. IC Insider forecast 54 cents per share for the 2016 fiscal year.
Berger Paints Jamaica is listed on the Jamaica Stock Exchange.

About IC Insider.com

Trackbacks

  1. […] Berger Paints reported big improvement in profit flowing from a near 14 percent increase in sales revenue to […]

  2. […] on Thursday and the likelihood of declining stocks out numbering advancing ones. In trading, Berger Paints traded 71,289 units at $3, Caribbean Cement had 201,560 units trading at $5 after dropping 10 cents. […]

  3. […] may be one reason the main market indices, recorded gains at the end of trading. Trading included Berger Paints trading 5,000 shares to close with a loss of 40 cents at $2.60, Cable & Wireless ended with […]

  4. […] with offers that were lower. The stocks trading in the main market at new 52 weeks’ high, are, Berger Paints, Caribbean Cement, Desnoes & Geddes, Jamaica Broilers, Jamaica Producers, and Sagicor Real […]

  5. […] with bids higher than their last selling prices and 3 with offers that are lower. In trading, Berger Paints as it traded at $2.55 with 14,650 shares, but there is a strong bid at $2.55 to buy 123,873 shares. […]

  6. […] points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica. IC bid-offer […]

  7. […] with offers that were lower. Stocks in the main market trading to close at a 52 weeks’ high, are Berger Paints, Desnoes & Geddes, Hardware & Lumber, Jamaica Stock Exchange, JMMB Group and Mayberry […]

  8. […] Investments ending with 320,000 shares trading 6 cents higher, at $2.37, for a 52 weeks’ high. Berger Paints had 20,571 units changing hands 16 cents $2, Cable & Wireless had 727,789 actively trading at 48 […]

  9. […] higher than their last selling prices and 4 with offers that were lower. Stocks trading include, Berger Paints trading 2,705 shares at $1.80 after shedding 15 cents. Cable & Wireless ended with 196,631 […]

  10. […] closing with 36,120 units at $2.84, a decline of 11 cents. Stocks with good interest to buy are Berger Paints with 200,000 units on the bid at $1.60, Jamaica Broilers with the bid at $4.50 to buy 239,065 […]

  11. […] high. Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints finishing trading with 7,496 shares at $1.61, Cable & Wireless dealing in 333,413 units and […]

  12. […] Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints concluding trading with 18,240 shares, gaining of 1 cent to $1.61, Jamaica Money Market Brokers […]

  13. […] Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints ended with 55,235 shares changing hands to close higher by 5 cents to $1.60, Cable & Wireless […]

  14. […] Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints while exchanged 7,899 shares close at $1.55, there was dealing in 247,770 Cable & Wireless […]

  15. […] The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints concluding trading with 49,151 shares changing hands, to close down by 2 cents at $1.55. Caribbean […]

  16. […] Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Berger Paints concluding trading with 3,349 shares while gaining 1 cent to $1.57, Caribbean Cement closing with […]

Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.