Portland Paints & Products Nigeria PLC operates within the Paints and allied products sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Portland Paints & Products Nigeria PLC with three other
paint manufacters in Africa:
Berger Paints Nigeria Plc
sales of 3.58 billion Nigerian Naira [US$9.39 million]
of which 94%
was Paints and allied products),
Premier Paints Plc
(131.71 million Nigerian Naira [US$345,085.44 ]
Chemical and Allied Products Plc
(8.41 billion Nigerian Naira [US$22.04 million]
During the year ended December of 2019, sales at
Portland Paints & Products Nigeria PLC were 2.61 billion Nigerian Naira (US$6.84 million).
decrease of 7.7%
versus 2018, when the company's sales were 2.83 billion Nigerian Naira.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Portland Paints & Products Nigeria PLC had sales
of 2.80 billion Nigerian Naira.
Contributing to the drop in overall sales was the 95.6% decline
in Sanitary Wares, from 137,000.00 Nigerian Naira to 6,000.00 Nigerian Naira.
There were also decreases in sales in
Decorative Paints (down 1.2% to 1.79 billion Nigerian Naira)
Marine Industrial Paints (down 19.4% to 806.65 million Nigerian Naira)
Management Fees (down 18.2% to 14.58 million Nigerian Naira)