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PZ declares N1.83bn as profit in Q4

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PZ Cussons reports N113bn revenue, boosts profit after tax by 114% in one year

Adebayo Obajemu

PZ Cussons Nigeria Plc on Friday published its Fourth Quarter report for the period ended 31 May 2021. The reports showed significant improvement in the company’s top line and bottom line figures for the 12 months period.

A turnover of N82.38 billion was reported for the 12 months period, up by 22.98% from N66.99 billion turnover reported the previous year.

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Profit after Tax of N1.83 billion was reported, up by 125.3% from the Loss after Tax of N7.24 billion the previous year.

Earnings per share (EPS) of the firm increased to 46 kobo from a negative EPS of N1.82 reported the previous year.

At the share price of N5.85, the PE ratio of PZ stands at 12.72x with earnings yield of 7.86%

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