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Mayberry Research 2021-10-05T03:32:45-05:00

BRG reports 30.50% decline in nine months net profit

March 06,2018 Berger Paints Jamaica Limited (BRG) for the nine months ended December 30, 2017 reported total Revenues of $1.910 billion, a marginal decrease of 0.15% when compared with the $1.913 billion reported for the corresponding period in 2016. For the quarter, the company reported total revenue of $834.95 million, a 6.70% decrease relative to the $894.96 million reported in 2016. Revenue for the twelve months ended December 31, 2017 amounted to $2.36 billion (2016: $2.29 billion). For the period under review, the company reported total operating expenses of $1.71 billion. Of total operating expenses; ‘Raw materials and consumables used’