Portland Paints and Products Nigeria PLC (PPPNP), has said the ongoing restructuring exercise has impacted positively on its bottom-line, as it recorded a profit after tax of N8, 597 million.
This, according to the firm, is a major reversal from the N232.98 million losses recorded in the previous year.The Chairman of the company, Larry Ettah, while addressing shareholders during the firms yearly general meeting in Lagos on Wednesday, attributed the improved performance to proactive cost reduction and optimisation approach in all areas of operations to ensure the survival of the business and sustained value creation for stakeholders.
He pointed out that the firm is focusing on restructuring to drive further growth and enable it deliver …
Read the full article at: https://guardian.ng/business-services/portland-paints-restructuring-boosts-firms-performance/