PZ Cussons in its most recent published Q1 2019/2020 earnings report recorded losses due to slowdown in topline amid an increase in the cost of goods sold (COGS).
Consequently, this pressured gross earnings lower by 40.1%. Further analysis into the report showed that operating profit dipped into a loss position of N1.025 billion from N386 million profit in the corresponding period of 2018/2019.
The loss position was compounded by increased finance cost of N123 million, thereby, recording a total loss of N1.096 billion for the period. However, cash and cash equivalent improved subtly by 11.35% which can be associated with improved trade receivables collection which slipped by 21.84%.