Berger Paints Ja Reports Increase in Revenue & Before Tax Profits

Berger Paints Jamaica Limited, BPJL, has recorded a 4 per cent increase in revenue and a 160 per cent increase in profit before tax.

This, despite supply chain disruptions and inflationary pressures.

The company says it delivered steady performance and continued to invest in product innovation and operational efficiency.

In its key financial results for 2024, BPJL says it completed the financial year with a $105 million net profit.

For 2024, the company recorded $407 million, coming from a loss of just over $200 million in 2023.

At its recently held annual general meeting, AGM, at the Jamaica Pegasus Hotel in Kingston, the company said BPJL invested a whopping $130 million in a new trowel-on facility at its Spanish Town Road location, which will assist in the projected growth of the company.

In a major turnaround since 2018, the company has also said it is finally in a position where it is able to pay dividends, an announcement that was met with rousing applause from shareholders at the AGM.

With earnings per share at 49 cents, the company declared a dividend of 12 cents per share.