PZ Cussons Nigeria full year profit down 48%

PZ Cussons Nigeria Plc has released its results for the full year ended May 2018.  The company has declared a dividend of N0.15 (fifteen kobo) per share.

Here are highlights of the results.

Revenue

Revenue increased from N78.2 billion in 2017 to N80.5 billion in 2018. This represents a 2.94% increase year on year.

Profit Before Tax

Profit before tax fell sharply from N4.8 billion in 2017 to N2.3 billion in 2018. This marks a 108% decline compared to the comparative period in 2017.

Profit After Tax

Profit after tax also dropped from N3.6 billion in 2017 to N1.9 billion in 2018. This represents an 89.4% decline year on year.

Earnings Per Share

Earnings per share dropped from N0.84 in 2017 to N0.46 in 2018.

Current Share Price

PZ Cussons is currently trading at N14 per share in today’s session on the NSE.

DOWNLOAD PZ CUSSONS NIGERIA PLC FY 2018 RESULTS