PZ offers investors86 Kobo Dividend payout in year 2009 FYE


By Peter OBIORA investadvocate

July 30, 2010 16:44 GMT



PZ Cussons Plc (PZ) has offered investors of the company a 86 Kobo dividend payout in its year 2009 Financial year End (FYE).


This was contained in the company’s Audited year ended December 2009 released today Friday July 30 2010 at the Floors of the Nigerian Stock Exchange (NSE) in Lagos Nigeria and made available to investadvocate.


In the financial statement, PZ made a Turnover of N62.667 billion in year 2009 compared to N63.800 billlion in year 2008, indicating a decrease of -1.77 percent (-1.77%) in the review period.




Profit Before Tax (PBT) rose to N7.951 billion in year 2009 FYE from N7.671 billion in year 2008 representing a rise of 3.65 percent (3.65%).


While Profit After Taxation (PAT) also grew to N5.584 billion in 2009 from N5.330 billion in year 2008, showing a growth of 3.65 percent (3.65%) in the period under review.


However, investors whose names appears on the company’s register at the close of business between August 23 and 27 2010 would benefit from the dividend payment.


PZ affirms that the date of payment is September 14 2010 and its Annual General Meeting (AGM) would come up on September 09 2010 at Transcorp Hilton Abuja Nigeria .



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