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Berger Paints to pay 70 kobo dividend

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Berger Paints Nigerian plc notified the Nigerian Stock Exchange (NSE) Friday that following its board meeting held Thursday, the 2013 audited financial statements were approved and profit declared. The company’s audited results would be sent to the NSE before closing date for filling returns. A dividend of 70 kobo per share would be recommended for approval at the forthcoming Annual General Meeting (AGM). The Register of members would be closed from June 2-6, 2014 (both days inclusive). The company’s AGM is scheduled to hold on July 17, 2014 in Lagos.

In another development, Neimeth International Pharmaceuticals plc released its first-quarter (Q1) result for the period ended December 31, 2013. In the first-quarter, Neimeth reported revenue rise of 40% to N468.530million, from N335.306million in the corresponding period of 2012.

The company’s cost of sales rose to N211.060million, indicating 67% growth from N126.616million in Q1’2012. Also in the review quarter, the company’s Profit before Tax rose by 163% to N75.763million, from N28.813million in corresponding period of 2012. Basic Earnings per Share rose to 6 Kobo, from 2 Kobo, indicating 200% growth.