September 29, 2016 2:22 AM ET

Chemicals

Company Overview of Berger Paints Jamaica Limited

Company Overview

Berger Paints Jamaica Limited engages in the manufacture and distribution of industrial and decorative paints, and paint-related processed materials in Jamaica and internationally. 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 Lewis Berger (Overseas Holdings) 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 First Quarter Ended June 30, 2016

Berger Paints Jamaica Limited announced unaudited earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported sales (net of discount and rebates) of $506,181,000 compared to $440,563,000 a year ago. Profit from operations was $28,218,000 compared to $23,327,000 a year ago. Profit before taxation was $28,218,000 compared to $23,327,000 a year ago. Net profit was $21,164,000 compared to $16,796,000 a year ago. Earnings per stock unit were $0.10 compared to $0.08 a year ago. Net cash flows from operating activities were $39,820,000 compared to negative cash flows from operating activities $4,025,000 a year ago.

Berger Paints Jamaica Limited Announces Audited Earnings Results for the Year Ended March 31, 2016

Berger Paints Jamaica Limited announced audited earnings results for the year ended March 31, 2016. For the year, the company reported sales (net of discounts and rebates) of JMD 2,050,615,000 against JMD 1,853,595,000 a year ago. Profit before finance costs and taxation was JMD 142,849,000 against JMD 79,185,000 a year ago. Profit before taxation was JMD 141,888,000 against JMD 79,163,000 a year ago. Net profit was JMD 122,137,000 or 57 cents per stock against JMD 67,037,000 or 31 cents per stock a year ago. Net cash provided by operating activities was JMD 134,933,000 against JMD 123,547,000 a year ago. Acquisition of plant, property and equipment was JMD 63,889,000 against JMD 60,782,000 a year ago.

Berger Paints Jamaica Limited Proposes Final Dividend for the Financial Year Ended March 31, 2016, Payable on July 14, 2016

The Board of Directors of Berger Paints Jamaica Limited announced that a final dividend of $0.12 per ordinary stock unit be recommended to shareholders in respect of the year ended March 31, 2016. Dividend will be paid on July 14, 2016, with a record date of June 24, 2016.

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