In H1:2020, Berger Paints Plc reported a revenue growth of 10.98% to NGN1.69bn (vs NGN1.53bn in H1:2019) despite the -2.43% drop in Q2:2020. The increase was realized from higher sale of paints (+10.98%) and significantly higher (+237.62%) contract services rendered during the period. Although we observed that trade receivables increased by 29.81% from 2019FY, suggesting increased credit sales.
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