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February 14, 2016 5:31 AM ET

Chemicals

Company Overview of Berger Paints Jamaica Limited

Company Overview

Berger Paints Jamaica Limited manufactures and distributes decorative, industrial, and wood coatings primarily in Jamaica. It also offers paint related materials. The company's products include primers, stains and varnishes, furniture finishes, wood preservatives, road marking paints, enamels, and light and heavy duty industrial finishes. It offers its products to homeowners, architects, engineers, contractors, and interior designers. The company is based in Kingston, Jamaica. Berger Paints Jamaica Limited is a subsidiary of Berger International Limited.

256 Spanish Town Road

PO Box 8

Kingston,  11

Jamaica

Phone:

876-923-6226

Fax:

876-923-5129

Key Executives for Berger Paints Jamaica Limited

Berger Paints Jamaica Limited does not have any Key Executives recorded.

Berger Paints Jamaica Limited Key Developments

Berger Paints (Jamaica) Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015

Berger Paints (Jamaica) Limited announced unaudited earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, sales were JMD 759,421,000, profit from operations was JMD 108,677,000, profit before taxation was JMD 108,228,000 and net profit was JMD 79,641,000 or JMD 0.37 per unit against sales of JMD 678,531,000, profit from operations was JMD 84,395,000, profit before taxation was JMD 84,395,000 and net profit was JMD 63,290,000 or JMD 0.30 per unit for the same period a year ago. For the nine months, sales were JMD 1,671,823,000, profit from operations was JMD 154,499,000, profit before taxation was JMD 153,564,000 and net profit was JMD 110,267,000 or JMD 0.51 per unit against sales of JMD 1,495,985,000, profit from operations was JMD 95,333,000, profit before taxation was JMD 95,326,000 and net profit was JMD 71,488,000 or JMD 0.33 per unit for the same period a year ago. Cash flow from operating activities was JMD 114,567,000 against JMD 69,351,000 a year ago.

Berger Paints Jamaica Limited Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2015

Berger Paints Jamaica Limited reported unaudited earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported sales (net of discount and rebates) of JMD 471,839,000 compared to JMD 430,207,000 a year ago. Profit from operations was JMD 22,495,000 compared to JMD 11,448,000 a year ago. Profit before taxation was JMD 22,009,000 compared to JMD 11,463,000 a year ago. Net profit was JMD 13,830,000 or JMD 0.06 per unit compared to JMD 8,570,000 or JMD 0.04 per share a year ago. For the six months period, the company reported sales (net of discount and rebates) of JMD 912,402,000 compared to JMD 817,455,000 a year ago. Profit from operations was JMD 45,822,000 compared to JMD 10,938,000 a year ago. Profit before taxation was JMD 45,336,000 compared to JMD 10,931,000 a year ago. Net profit was JMD 30,626,000 or JMD 0.14 per unit compared to JMD 8,198,000 or JMD 0.04 per share a year ago. Cash used in operations was JMD 24,095,000 compared to cash generated from operations of JMD 12,427,000 a year ago.

Berger Paints Jamaica Limited Announces Management Changes, Effective October 19, 2015

Berger Paints Jamaica Limited has announced the resignation of Mr. Jalaj Dani as Director/Chairman of the Board of Directors and the appointment of Mr. Manish Choksi as Director/Chairman of the Board of Directors effective October 19, 2015.

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