WorldStage Newsonline– Meyer Plc, a major manufacturer and marketer of paints has released its statement of profit or loss and other comprehensive income for the period ended 31st December, 2021 with 97.51% drop in profit in the last three months to N30.341 million from N1.219 billion in 2020 when N1.782 billion was captured as profit from disposal of building.
Profit after tax for the full year period also dropped by 96.44% to N39.816 million from N1.118 billion in 2020 when a building was disposed.
However, revenue for the Q4 rose to N358.940 million from N261.088 million in Q4 2020 while the figure for the full year rose to N1.118 billion from N827.599 million in 2020.
