By InvestAdvocate
Lagos (INVESTADVOCATE)-Soap and detergent manufacturer, PZ Cussons Nigeria Plc on Tuesday said its first-half (H1) profit for the period ended November 28, 2015 declined 45.92 percent to N779.45 million from N1.441 billion reported a year ago.
Similarly, profit before tax (PBT) dropped 40.64 percent to N1.153 billion from N1.942 billion recorded the same period of 2014.
Also, revenue of the soap maker depreciated from N31.660 billion to N30.620 billion recorded a year earlier; indicating a dip of 3.29 percent in the review period, PZ Cussons said in a filing with the Nigerian Stock Exchange (NSE).
Shares price of PZ Cussons appreciated 3.70 percent to N21.00 per share from N20.25 per share recorded the previous session.
