Earnings Report 2013 Q1: PZ Cussons Pre-Tax Profits Surges 50%

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PZ Cussons released its 2013 Q1 results showing revenues rose 4.6% to N15billion. The company also increased YoY Gross Profit by 23% to N3.9billion as cost of sale remained flat. Operating profit at the end of the period was N1billion a 15% increase from the prior period. However, Pre-tax profits would surge 50% YoY as the company earned incremental revenues from of N40million and another N197million from finance income.

PZ Cussons released its 2013 Q1 results in the website of the NSE