Goddy Egene Chemical and Allied Products (CAP)Plc, one of Nigeria’s leading paints and coatings companies, has taken steps to secure alternative raw material sources to mitigate against further disruption in raw materials supply. The Managing Director of CAP Mr. David Wright, stated this while commenting on the company’s unaudited results for the first quarter ended March 31, 2020. CAP posted a decline of 9.5 per cent in revenue to N2.093 billion, from N2.313 billion. Although the company strived to reduce operating expenses by 22.4 per cent from N597 million to N488 million, it ended the quarter with a lower profit after tax of N203 million, compared with N457 million in 2020.