By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Soap makers PZ Cussons Nigeria Plc, on Thursday said its post tax profit dropped 30.3 percent to 642 million naira in the first quarter (Q1) ended August 31, 2014 from 921 million naira recorded in the same period of 2013, it said in a filing with the Nigerian Stock Exchange (NSE).

Also, pretax profit went down 30.8 percent to 872 million naira from 1.261 billion naira in the Q1 period of 2013.

Revenue declined to 15.019 billion in the Q1 of 2014 from 15.066 billion in the corresponding period of 2013; indicating a decline of 0.3 percent in the review period.