Lagos (INVESTADVOCATE)-Afromedia Plc Wedneday announced a dip of 50.3 percent (50.3%) in its Profit After Tax (PAT) in its Third Quarter (Q3) Unaudited Result for the period ended June 30 2012.

This is contained in the Result Announcement by the Firm to the Nigerian Stock Exchange (NSE) and made available to www.investadvocateng.com in Lagos Nigeria.

To record the dip in PAT, the Firm recorded N86.500 million in its Unaudited Q3 Result June 30 2012 compared to N174.109 million in the same period of 2011; showing a dip of 50.3%.

Profit Before Tax (PBT) also decreased from N248.727 million in the Q3 of 2011 compared to N123.072 million in the Third Quarter of 2012; indicating a decrease of 50.5% in the review period.

Also Turnover of Afromedia declined in the Q3 of 2012 as the Company recorded N1.952 billion in 2012 compared to N2.619 billion in 2011; representing a decline of 25.5%.

On its part, PZ Cussons Plc declared 43 Kobo dividend for 2012 end, the Company’s Equity Price was adjusted Wednesday as recommended by its Board of Directors.

The Company affirmed that payment date for the 43 Kobo dividend is September 2012 and closure date has been scheduled for August 20 2012 after its Annual General Meeting (AGM) for September 13 2012.