PZ Cussons Half Year Profit Fell To N69.5 Billion

Q1 August

PZ Cussons Nigeria PLC has released its half year result showing its gross revenue fell by 4.9% to NGN69.5 billion from NGN73.1 billion recorded last year.

The company’s operating profit also fell by 51.1% to NGN3.3 billion from NGN6.6 billion declared for last year.

The company marginally reduced its cost of sales from 52,6 billion last year to NGN52,2 billion for the first half of this year.

PZ Cussons net profit for the period fell to NGN21,1 billion from NGN4,1 declared last year.