Meyer Plc 2024 Interim Results For The First Quarter

Meyer Plc (MEYER.ng) Q12024 Interim Report

By Published On: April 30, 2024TYPE: Interim ReportsYear: 2024Period: Q1Country: NigeriaSector: Building & Associated

Meyer Plc (MEYER.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released its 2024 interim results for the first quarter.

For more information about Meyer Plc (MEYER.ng) reports, abridged reports, interim earnings results and earnings presentations visit the Meyer Plc (MEYER.ng) company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for Meyer Plc (MEYER.ng) in the past 12 months, as of 1st April 2024, is US$64.77K (NGN58.91M). An average of US$5.4K (NGN4.91M) per month.

Meyer Plc 2024 interim results for the first quarter

Company Profile

Meyer Plc, formerly known as DN Meyer Plc, stands as a premier entity in Nigeria’s manufacturing landscape, primarily focused on the production and marketing of a comprehensive range of paint products, coatings, adhesives, and flooring solutions. With its inception dating back to 1960 and a transformation into a public entity in 1979, the company has established a robust presence in the market, further solidified by its listing on the Nigerian Stock Exchange the same year. Meyer Plc operates under the leadership of a distinguished board of directors, with its corporate headquarters nestled in the industrious heart of Ikeja, Lagos. The company boasts a significant shareholding structure, predominantly held by Greenwich Capital Limited and Bosworth Investments & Services Limited, alongside substantial Nigerian citizen ownership. In the year ended December 31, 2023, Meyer Plc demonstrated commendable financial stewardship, recommending a dividend of 30k/Share, underscoring its financial health and commitment to shareholder value. Additionally, the company prides itself on a strong focus on research and development, fostering continuous innovation in its product offerings while maintaining a keen emphasis on employee welfare and safety, reflective of its corporate ethos of excellence and integrity