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.
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.