RECORDER REPORT

KARACHI: The profit after tax of Berger Paints Pakistan Limited has increased to Rs 184.777 million during the year ended June 30, 2016 as compared to Rs 109.153 earned in previous year. The company’s earning per share increased to Rs 10.16 in FY16 as compared to Rs 6 in FY15.

The board of directors of the company in its meeting recommended a final cash dividend for the year at Rs 4.5 per share i.e. 45 percent.

According to the financial results, the company’s net sales increased to Rs 5.081 billion against Rs 4.301 billion while the cost of sales increased to Rs 3.534 billion against Rs 3.146 billion.

The company’s profit before tax surged to Rs 322.395 million in FY16 against Rs 166.588 million.