By InvestAdvocate
Lagos (INVESTADVOCATE)-Soap producer, PZ Cussons Nigeria Plc said on Thursday its third quarter (Q3) 2015 pretax profit for the period ended February 27, 2016 dropped 46.42 percent to N2.14 billion from N3.99 billion posted a year ago.
Similarly, profit after tax (PAT) declined 41 percent to N1.65 billion from N2.8 billion declared the same period of 2014.
Also, revenue of the soap manufacturer, decreased from N53 billion in the Q3 of 2014 to N51 billion in the review period of 2015; representing a depreciation of 4.22 percent, PZ Cussons Nigeria said in a filing with the Nigerian Stock Exchange (NSE).
Shares of the company at the close of business on the Nigerian bourse went down 3.84 percent to N24.04 per share from N25.00 per share posted the previous session; losing 0.96 percent per share.
