Source: The Nigerian Stock Exchange Corporate News |

The Nigerian Stock Exchange X-Gen News Alert - Paints and Coatings Manufactures Plc

LAGOS, Nigeria, March 31, 2017/APO/ --

Company Name: Paints and Coatings Manufactures Plc (www.PCMNigeria.com)
Company Symbol: PAINTCOM
[PAINTCOM]>> Company Report
Paints and Coatings Manufacturers Nigeria Plc

Audited Report as at 31st December 2016

2016 2015
=N= =N= 
'000 '000

Revenue 2,895,447 3,090,076
Cost of Sales (2,072,179) (2,161,670)
Gross Profit 823,268 928,406

General Admin Exp (776,103) (779,215)
Selling & Distr (1,814) (4,347)
Other Income 4,059 13,171

Interest Received 1,135 279
Provision-Bad Debt 0 (7,360)

Profit/Loss on Disposal of Asset 350 250

Finance Cost (10,757) (15,830) 
Profit before Tax 40,139 135,354
Taxation (18,308) (9,780)
Profit after Tax 21,831 125,574

Earnings per Share 3Kobo 16Kobo
Net Assets per Share 2.23 2.25
Share Price 31-12-16 0.65 1.04 
Dividend Nil 0.05

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