Earnings Update- CAP: H1 2019.

Second quarter performance dampens growth momentum The Nigerian paints market leader’s revenue grew by 2.99% to NGN3.91bn in H1:2019, with much succor provided by the 8.04% growth in Q1:2019, to offset the 1.99% decline in second quarter. Revenue from sale of paints in the first half increased by 2.70%, while the company generated NGN15.93mn from services. Kindly find attached the full report.

Second quarter performance dampens growth momentum
The Nigerian paints market leader’s revenue grew by 2.99% to NGN3.91bn in H1:2019, with much succor provided by the 8.04% growth in Q1:2019, to offset the 1.99% decline in second quarter. Revenue from sale of paints in the first half increased by 2.70%, while the company generated NGN15.93mn from services. Kindly find attached the full report.