PZ Cussons Says 2017 Pretax Profit up 52.83% to N4.81Billion

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September 7, 2017

By InvestAdvocate

Lagos (INVESTADVOCATE)-Soap and detergent producer, PZ Cussons Nigeria Plc on Wednesday said its pretax profit for the period ended May 31, 2017 surged 52.83 percent to N4.81 billion from N3.14 billion posted a year ago.

Profit after tax (PAT) of the company increased 73.10 percent to N3.68 billion from N2.13 billion declared the same period of 2016.

Revenue of PZ Cussons grew from N69.52 billion in 2016 to N79.63 billion in the review period of 2017; indicating a growth of 14.53 percent, the soap and detergent producer said in a filing with the Nigerian Stock Exchange (NSE).

Shares of PZ Cussons at the close of Wednesday’s trading on the Nigerian bourse declined 4.98 percent to N25.94 from N27.30 traded the previous day.