Meyer Plc 2024 Interim Results For The First Quarter

Meyer Plc ( Q12024 Interim Report

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

Meyer Plc ( 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 ( reports, abridged reports, interim earnings results and earnings presentations visit the Meyer Plc ( company page on AfricanFinancials.

Indicative Share Trading Liquidity

The total indicative share trading liquidity for Meyer Plc ( 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