PZ Cussons posts N212m loss in Q1

PZ Cussons posts N212m loss in Q1

PZ Cussons Nigeria Plc has reported a loss after tax of N212.358 million for the first quarter ended August 31, 2020 as against a loss of N1.095 billion posted in 2019. While the group’s revenue increased by 18.3 per cent to N18.700 billion from N15.808 billion in 2019, cost of sales stood at N13.808 billion from N7.620 billion in 2019. The group posted a loss after tax of N7,239 billion for the full year ended May 31, 2020 as against profit after tax of N1.155 billion in 2019. Revenue was…

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