PZ Cussons Nigeria: Earnings further plunge as competition heighten in Q1

Must Read

Top 10 Most Expensive Universities In Nigeria

For many Nigerians, high-quality higher education is a luxury. There are many private universities who are known not only...

Shop now, pay later with www.zerofinance.com.ng

Zerofinance is Nigeria’s leading online retail store, providing quality branded home electronics, domestic appliances, computers, mobile phones and household...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
PZ Cussons Nigeria: Earnings further plunge as competition heighten in Q1PZ Cussons Nigeria: Earnings further plunge as competition heighten in Q1

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%.

Read:  ​Stanbic IBTC, Vetiva, PZ win big at 5th NSE Corporate Challenge​ (Photos)

PZ Cussons Nigeria: Earnings further plunge as competition heighten in Q1

- Advertisement -

GREENWICH RESEARCH

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Vingroup Starts to Produce Ventilators and Body Thermometers

HANOI, VIETNAM - Media OutReach - 4 April 2020 - In response to the call of the General Secretary, the President, the...

Jumia Takes More Actions to Support the Fight Against COVID-19

Africa’s leading e-commerce platform, Jumia, has announced a number of actions to support the fight against the COVID-19 pandemic. “The last few weeks have been...

Ondo Govt Closes All Borders Over Coronavirus

Having observed the trend in respect of COVID-19 and the pos­sibility of its unde­terminable spread, the Government of Ondo State has ordered the closure...

Federal Government Moves to Salvage Economy but Needs to Consider Restructuring

In the just concluded week, President Muhammadu Buhari, on Thursday, met with the Presidential Committee on the Impact of the Coronavirus on Nigeria’s Economy...
- Advertisement -
BrandsPur Weekly Cartoons
%d bloggers like this: