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 3.84 billion Nigerian Naira [US$10.05 million]
of which 95%
was Paints and allied products),
Premier Paints Plc
(91.91 million Nigerian Naira [US$240,804.20 ]
Chemical and Allied Products Plc
(8.74 billion Nigerian Naira [US$22.89 million]
During the year ended December of 2020, sales at
Portland Paints & Products Nigeria PLC were 1.69 billion Nigerian Naira (US$4.43 million).
decrease of 35.2%
versus 2019, when the company's sales were 2.61 billion Nigerian Naira.
Contributing to the drop in overall sales was the 41.5% decline
in Marine Industrial Paints, from 806.65 million Nigerian Naira to 471.84 million Nigerian Naira.
There were also decreases in sales in
Decorative Paints (down 32.5% to 1.21 billion Nigerian Naira)
Management Fees (down 28.1% to 10.48 million Nigerian Naira)
However, these declines were partially offset by the increase in sales of
Sanitary Wares (up 2,766.7% to 172,000.00 Nigerian Naira)