Portland Paints & Products Nigeria Plc announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was NGN 380.381 million compared to NGN 581.359 million a year ago. Operating loss was NGN 27.627 million compared to NGN 5.237 million a year ago. Net loss was NGN 28.096 million compared to NGN 1.996 million a year ago. Basic loss per share was NGN 0.0354 compared to NGN 0.0025 a year ago. Diluted loss per share was NGN 0.0318 compared to NGN 0.0023 a year ago. For the half year, sales was NGN 770.774 million compared to NGN 1,358.710 million a year ago. Operating loss was NGN 67.515 million compared to operating Income of NGN 89.601 million a year ago. Net loss was NGN 75.489 million compared to net income of NGN 64.273 million a year ago. Basic loss per share was NGN 0.1 compared to basic earnings per share of NGN 0.08 a year ago.