Berger Paints records 119% growth in pre-tax profit in 2023

Berger Paints Plc has released its financial statements for FY 2023. During the year, the company posted a profit before tax of N777.6 million, representing a 119% increase from the N355.6 million recorded in 2022.

The group recorded a revenue of N7.91 billion in 2023, marking a 25% increase from the N6.33 billion recorded in 2022. In Q4 2023, the company recorded a revenue of N2.49 billion, which was a year-on-year growth of 38% from the N1.81 billion recorded in Q4 2022.

During the year, the company recorded a net income of N528.74 million in 2023, representing a 153% increase from the N208.67 million recorded in 2022.