Market News

PZ Cussons Nig Plc: Still in the murky waters, as forex pressures persist

AGAINST the expectations raised by PZ Cussons UK, the parent company, PZ Cussons Nigeria Plc, last week, announced one of its worst interim results so far. Though good on topline, the increased revenue in the first quarter 2017, Q1’17 (June – August, 2016), came with a N2.4 billion loss before tax.

Earlier in the previous week, PZ UK had released a trading statement which covers the period 01 June 2016 to 27 September 2016, pointing to a robust performance of product offerings with regards to sales in Nigeria across all divisions, despite the continued inflationary pressure faced by consumers.

 

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Market News

PZ Cussons Nig Plc: Still in the murky waters, as forex pressures persist

AGAINST the expectations raised by PZ Cussons UK, the parent company, PZ Cussons Nigeria Plc, last week, announced one of its worst interim results so far. Though good on topline, the increased revenue in the first quarter 2017, Q1’17 (June – August, 2016), came with a N2.4 billion loss before tax.

Earlier in the previous week, PZ UK had released a trading statement which covers the period 01 June 2016 to 27 September 2016, pointing to a robust performance of product offerings with regards to sales in Nigeria across all divisions, despite the continued inflationary pressure faced by consumers.

 

Read More

Comment here