Jamaica’s Berger Paints reported big improvement in profit flowing from a near 14 percent increase in sales revenue to $440.6 million up from $387.3 million, in the 2014 first quarter, with profit ended at $17 million after tax well up on the reported a loss of $372,000 in 2014.
Earnings per share ended at 8 cents and for the year earnings should be in the 55 cents per share region, if the present trend continues which should be helped by the low price of oil on the world market as a major input into the production of paints is fuel oil based.
For 2015 fiscal year to March, Berger reported profit of $67 million after tax and earnings per share of 31 cents from sales revenues of $1.85 billion.
Gross profit was slightly up on 2014 with $1.286 billion realized in the March 2015 quarter and $1.257 billion in 2014. ”The company continues to yield benefits from process improvements, energy cost savings and its plant and Machinery upgrade, these along with growth in sales contributed to the profit performance” Mustafa Turra, General Manager reported in a short report to shareholders.
Berger last traded on the Jamaica Stock Exchange at $2.55 but that is before the above results were disclosed on Friday.
Berger Jamaica in big profit upturn
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[…] cents per share earnings. Investors also responded favourably to increased nine months results for Berger Paints, by bidding the stock up by 37 cents to end at $4, with 300,001 units traded. Caribbean Cement […]
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[…] than their last selling prices and 1 with a lower offer. At the end of the market activities, Berger Paints lost 7 cents to end at $3.63 as 26,559 units traded, the company released results to December with […]
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[…] than their last selling prices and 1 with a lower offer. At the end of the market activities, Berger Paints lost 5 cents to end at $3.70 as 106,008 units traded, Cable and Wireless ended with 1,116,925 units […]
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[…] offers. In trading, Barita Investments traded 134,925 shares and gained 50 cents to close at $4.40, Berger Paints closed at $3.75 as the price rose 55 cents with 18,500 units trading, Cable and Wireless ended with […]
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[…] of 15 stocks with bids higher than their last selling prices and 4 with lower offers. In trading, Berger Paints ended with 362,381 shares trading at $3.20, for a fall of 50 cents. Cable and Wireless rose 8 cents, […]
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[…] of 15 stocks with bids higher than their last selling prices and 4 with lower offers. In trading, Berger Paints ended with 4,349,578 shares trading at $3.16, for a rise of 1 cent. Cable and Wireless fell 5 cents, […]
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[…] of 11 stocks with bids higher than their last selling prices and 2 with lower offers. In trading, Berger Paints ended with 85,100 shares trading at $3.15 for a loss of 5 cents, Cable and Wireless rose 8 cents […]
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[…] of 8 stocks with bids higher than their last selling prices and 5 with lower offers. In trading, Berger Paints ended with 19,344 units trading at $3.15, Cable and Wireless lost 10 cents with 266,406 units […]
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[…] of 12 stocks with bids higher than their last selling prices and 5 with lower offers. In trading, Berger Paints ended with 45,252 units trading with a decline of 15 cents to $3.15, Cable and Wireless rose 9 cents […]
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[…] of 8 stocks with bids higher than their last selling prices and 4 with lower offers. In trading, Berger Paints rose by 10 cents in trading 29,253 units at $3.40, Cable and Wireless fell 3 cents with only 138,174 […]
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[…] of 15 stocks with bids higher than their last selling prices and 2 with lower offers. In trading, Berger Paints ended with 8,616 units trading at $3.40 after falling 5 cents, Cable and Wireless closed with […]
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[…] of 9 stocks with bids higher than their last selling prices and 1 with a lower offer. In trading, Berger Paints ended with 43,063 units trading at $3.15 after falling 45 cents, Cable and Wireless closed with […]
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[…] of 10 stocks with bids higher than their last selling prices and 3 with lower offers. In trading, Berger Paints ended with 135,245 units trading at $3.15 after falling 45 cents, Cable and Wireless closed with […]
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[…] of 9 stocks with bids higher than their last selling prices and 8 with lower offers. In trading, Berger Paints had 12,000 units changing hands at $3.70, Cable and Wireless closed with 1,325,036 units changing […]
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[…] 11 stocks with bids higher than their last selling prices and none with lower offers. In trading, Berger Paints closed at $3.80 with 36,600 shares trading, Cable and Wireless lost 5 cents, with 1,954,862 shares […]
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[…] high of $3.66 while trading 61,000 shares to end at with a gain of 16 cents, after trading at $4, Berger Paints dropped jumped 80 cents to end at a 52 weeks’ high of $3.80 after 207,422 shares were traded. […]
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[…] at a new 52 weeks’ high of $3.50 while trading 24,500 shares to end at with a gain of 60 cents, Berger Paints dropped 45 cents to end at $3 after 13,162 shares were traded. Cable and Wireless continued under […]
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[…] with bids higher than their last selling prices and none with offers that were lower. In trading, Berger Paints lost 40 cents in trading 6,500 shares to close at $3, Cable and Wireless closed with a gain of 10 […]
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[…] with bids higher than their last selling prices and 2 with offers that were lower. In trading, Berger Paints traded 15,000 shares and gained 40 cents to close at $3.40 for a 52 weeks’ high, Cable and […]
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[…] with bids higher than their last selling prices and none with offers that were lower. In trading, Berger Paints traded 295,658 shares and gained 25 cents to close at $3, Cable and Wireless closed with a gain of […]
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[…] with bids higher than their last selling prices and 4 with offers that were lower. In trading, Berger Paints traded 10,000 shares at $2.75 and gained 25 cents, Cable and Wireless closed with a loss of 1 cent […]
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[…] with bids higher than their last selling prices and 4 with offers that were lower. In trading, Berger Paints traded 899,350 shares at $2.50 and gained 20 cents Cable and Wireless closed with an 8 cents […]
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[…] active at 11 am with a volume of a mere 10,402,800 units, 17 stocks gained 2 declined. In Trading, Berger Paints traded 899,350 shares at $2.50, Caribbean Producers exchanged 1,649,403 $2.80, General Accident […]
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[…] with bids higher than their last selling prices and 2 with offers that were lower. In trading, Berger Paints ended with 27,354 shares trading 1 cent higher at $2.30, Cable and Wireless lost 3 cents with 15,118 […]
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[…] with bids higher than their last selling prices and 4 with offers that were lower. In trading, Berger Paints ended with 45,500 shares trading 1 cent down at $2.29, Cable and Wireless added 2 cents with 808,014 […]
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[…] with bids higher than their last selling prices and 5 with offers that were lower. In trading, Berger Paints had 49,048 units changing hands at $2.30, Cable and Wireless gained 2 cents with 609,674 shares […]
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[…] bids coincides with the close of the month as portfolios are priced at month end. In trading, Berger Paints had 49,048 units changing hands at $2.30, Cable and Wireless lost 1 cent with 325,800 shares […]
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[…] with bids higher than their last selling prices and 6 with offers that were lower. In trading, Berger Paints had 27,080 shares changing hands with a gain of 5 cents to end at $2.60, Carreras dropped $1.50 to […]
[…] Berger Paints continue to enjoy an outstanding year, with an increase of 61 percent in after tax profit of $153.6 million from $95.3 in 2014 for the nine months period from on sales that rose 11 percent to $1.67 billion from $1.496 billion in 2014 and 12 percent in the December quarter to reach $759.4 million up from $678.5 million. For the last and best quarter for revenues and profit, growth in profit after tax slowed to just 26 percent to hit $79.6 million, up from $63 million in 2014. Petroleum constitutes a major item of material into paint production and with the decline in oil prices on the world market, Berger should see a cut in cost that will help the profit margin. The company generated operating cash flow of $193 million for the nine months compared to $147 million in 2014. Earnings per share for the quarter, is 37 cents and 51 cents for the nine months and is projected for the full year to be in the order of 65 cents. One of the great attraction for the stock which is undervalued is the high dividend payment that investors can expect, especially with strong gains in profit. The stock closed at $4 in trading on Tuesday on the Jamaica Stock Exchange. […]