PZ Cussons to Offload Nigerian Subsidiary as FX Crisis Impacts Operations

By Aduragbemi Omiyale PZ Cussons is going ahead with its planned sale of its subsidiaries in Nigeria and other African countries, a statement from the multinational has confirmed. In a note, the British firm said it has received several expressions of interest from investors for its St Tropez brand and may totally offload its African… Continue reading PZ Cussons to Offload Nigerian Subsidiary as FX Crisis Impacts Operations

PZ Cussons Nigeria Publishes List of 61,628 Shareholders With Unclaimed Dividends

By Aduragbemi Omiyale One of the players in the personal healthcare and consumer goods sectors, PZ Cussons Nigeria Plc, has published a list of its shareholders with unclaimed dividends. Unclaimed dividends are cash rewards given to investors, mainly from the profits from the company’s operations, but are yet to be collected by the beneficiaries. This… Continue reading PZ Cussons Nigeria Publishes List of 61,628 Shareholders With Unclaimed Dividends

PZ Cussons Nigeria Records Half-Year Loss, Negative EPS

By Modupe Gbadeyanka The decision of federal government of Nigeria to shut the land borders across the country has taken a huge toll on the performance of PZ Cussons Nigeria Plc. In the half year results of the company announced on Monday, the makers of several household products in the country said its revenue declined… Continue reading PZ Cussons Nigeria Records Half-Year Loss, Negative EPS

PZ Cussons to Share N596m to Investors October 30

By Adedapo Adesanya The board of directors of top consumer goods company, PZ Cussons Nigeria Plc, has announced that it would be paying final dividend worth N595.6 million to its shareholders for the year ended May 31, 2019. A breakdown of this payment showed that the company is paying a dividend of 15 Kobo per… Continue reading PZ Cussons to Share N596m to Investors October 30

Poor Sales, Naira Instability Threaten PZ Cussons’ FY Profits

By Dipo Olowookere Leading consumer products company, PZ Cussons Plc, has informed shareholders not to expect rise in its full year profit because of some challenges the firm was battling with. On Tuesday, the company said its subsidiary in Nigeria is operating under tough conditions, which will eventually have a negative impact on the firm’s… Continue reading Poor Sales, Naira Instability Threaten PZ Cussons’ FY Profits

PZ Cussons Nigeria: Q2-18 PAT; Earnings Recover After a Bumpy Start to 2018

By Cordros Research The Q2-18 PAT of N710 million announced by PZ yesterday beat the N590 million we estimated. Driving the outperformance were higher revenue and lower operating expenses, compared to our estimates, which more than offset the surprise net finance cost and higher effective tax rate. Overall, the result was impressive, consistent with management’s… Continue reading PZ Cussons Nigeria: Q2-18 PAT; Earnings Recover After a Bumpy Start to 2018

PZ Cussons Nigeria to File Q2 2016 Financial Results Next Week

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… Continue reading PZ Cussons Nigeria to File Q2 2016 Financial Results Next Week