PZ Cussons Records 46% Drop In Profits For Q2' 2015

PZ Cussons Records 46% Drop In Profits For Q2′ 2015

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 […]

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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