![[Corporate Action] PZ Cussons Profit Drops by 10% For 2015 Full Year](https://i1.wp.com/nairametrics.com/wp-content/uploads/2015/08/PZ-Guardian.jpg?fit=618%2C371&ssl=1)
PZ Cussons Nigeria Plc released its financial results for the period ended Nov 28, 2015.
The results showed that revenue declined by 3.29% from N31.6 billion in Q2’2014 to N30,619 billion in Q2’2015, while gross profit also declined by 3.10% from N8.5 billion in Q2’2014 to N8.3 billion in Q’2 2015.
The company’s pre-tax profits however saw a 40% drop from N1.9 billion in Q2’2014 to N1.1 billion in Q2’2015, while the profit after tax dropped by 45.9% from N1.4 billion to N779 million.
The share price of PZ Cussons as at press time was N21, up 3.70% (N0.75) from the previous trading day.
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