By InvestAdvocate

Lagos (INVESTADVOCATE)-Paint manufacturer, Berger Paints Plc said on Thursday pretax profit for the period ended December 31, 2015 climbed up to N565.21 million from N249.25 million recorded a year ago.

Similarly, profit after tax (PAT) rose 122 percent to N330.31 million from N148.80 million posted the corresponding period of 2014.

However, revenue of BERGER dragged from N3.08 billion in 2014 end to N3.02 billion declared in the review period of 2015; showing a slight decline in revenue of two (2) percent, the paint producer said in a filing with the Nigerian Stock Exchange (NSE).

In its corporate action to the NSE, the board of directors of the company said it has proposed a dividend of 75 kobo per share to its shareholders compared to 70 kobo per share paid in 2014 end.