- Shareholders of PZ Cussons Nigeria Plc yesterday approved a N1.99 billion dividend for the 2016 financial year. This translated to 50 kobo per share.
- The company’s total assets increased to N74.4 billion compared to N67.4 billion the previous year.
- Speaking in Abuja at its annual general meeting (AGM), Chairman of the company, Chief Kolawole Jamodu said despite the deteriorating operating environment, the company had remained focused and managed to deliver a steady performance for the period to grow shareholder value.
- Jamodu disclosed the company recorded an exchange loss of N2.9 billion, cutting its group profit after tax (PBT) by 52 per cent to N3.15 billion from N6.56 billion in 2015 while its consolidated revenue decreased by 4.9 percent to N69.5 billion from N73.1 billion.
- Meanwhile, Nigerian Stock Exchange All Share Index (NSE ASI) appreciated marginally by 0.08 per cent to close at 28,031.90 yesterday as heavily capitalised stocks lifted the equity market. The appreciation recorded in the share prices of United Bank for Africa Plc, Dangote Cement, Seplat Petroleum Development Company Plc, NASCON Allied Industries Plc and Forte Oil Plc were responsible for the marginal gain recorded in the NSE ASI.
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Shareholders of PZ Cussons Approve N1.99 Billion Dividend
