Delivering Quality Innovation:

The unaudited Q2, 2011 result of PZ Cussons Plc for the period ended November 30, 2011 shows that its Turnover (TO) grew by 20.85% to N32.35bn, compared with N26.77bn in the corresponding period of 2010. Cost of Sales increased by 48.51% to N26.57bn from N17.89bn.

Other Operating Income dropped by 25.59% to N71.19mn from N95.67mn in the corresponding quarter of the previous year. Also, Selling Distribution and Administrative expenses declined by 28.91% to N4.55bn from N6.40bn in 2010. The sharp increase in the cost of sales led to a drop in the Profit Before Tax (PBT) which decreased by 49.73% between Q3 2010 and Q3 2011 to N1.30bn from N2.58bn.

The tax provision also decreased by 32.69% between 2011 and 2010 to N510.20mn from N758.04mn, which resulted in the Profit After Tax (PAT) of N786.93mn, down from N1.82bn in Q2 2010, representing a decline of 56.81%.

Click to down load full Report

Source: FSDH