Portland Paints & Products Nigeria Plc announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was NGN 457.929 million compared to NGN 636.852 million a year ago. Operating loss was NGN 35.106 million compared to operating Income of NGN 45.622 million a year ago. Net loss was NGN 39.956 million compared to net income of NGN 31.743 million a year ago. Basic loss per share from continuing operations was NGN 0.0504 compared to basic earnings per share from continuing operations of NGN 0.12 a year ago. For the nine months, sales was NGN 1,228.703 million compared to NGN 1,995.562 million a year ago. Operating loss was NGN 102.621 million compared to operating Income of NGN 135.223 million a year ago. Net loss was NGN 115.445 million compared to net income of NGN 96.015 million a year ago. Basic loss per share from continuing operations was NGN 0.15 compared to basic earnings per share from continuing operations of NGN 0.04 a year ago. Diluted loss per share from continuing operations was NGN 0.15 compared to diluted earnings per share from continuing operations of NGN 0.036 a year ago.