March 28, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-Soap and detergent producer, PZ Cussons Nigeria Plc on Thursday said its third quarter (Q3) profit after tax (PAT) for the period ended March 28, 2019 depreciated -39.63 percent to N807 million from N1.34 billion posted a year ago.

Profit before tax (PBT) of the soap manufacturer, also declined -52.40 percent to N936 million from N1.97 billion posted the same period of 2018.

Revenue of the company dropped -12.95 percent to N55.07 billion from N63.26 billion recorded the same period of 2018, PZ Cusssons Nigeria said in a filing with the Nigerian Stock Exchange (NSE).

Shares of the soap maker at the close of the session’s trading on the domestic bourse depreciated -5.00 percent to N9.50 from N10.00 recorded the previous session; losing -0.50 kobo per share.

Click here to read full PDF copy of report