By Modupe Gbadeyanka
Management of PZ Cussons Nigeria Plc has disclosed that it will release its unaudited financial results for the second quarter ended November 30, 2016 on Thursday, January 26, 2017.
The company explained that the delayed submission was because “our results comprise a substantial element of the overall results of PZ Cussons Plc Group UK, which also has extensive operations in Europe, Asia and in America.”
It noted that consequently, “the earliest practicable date by which the Group can collate and release its accounts for the half year is January 24, 2017 in order not to give non-public material information to our overseas shareholders.”
“Our company, PZ Cussons Nigeria Plc, submits that this development will not result in any disadvantage to our local shareholders,” it said in a statement.
Adedapo Adesanya