By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Soap makers PZ Cussons Nigeria said on Tuesday post tax profit dropped 4.5 percent to N5.082 billion in its audited year ended May 31 from N5.321 billion in the corresponding year of 2013.

Similarly, pretax profit declined to 9.2 percent to N6.949 billion in 2014 end from N7.650 billion in the previous year.

However, revenue of the soap maker climbed up slightly 2.2 percent to N72.905 billion in the review period from N71.343 billion recorded last year.

PZ Cussons said in its corporate action that it will pay a dividend of 61 kobo per share to shareholders on its book by September 26, compared to 56 kobo paid the previous year.

The company said its annual general meeting (AGM) and payment date has been scheduled for October 09 and 13 respectively.

At the close of business at the Nigerian bourse, share price of the soap maker dropped 67 kobo as it opened at N37.97 and closed at N37.30; dropping 2.02 percent.