PZ Cussons turns it around as Nigerian turnover soars 23 percent

PZ Cussons turns it around as Nigerian turnover soars 23 percent

PZ Cussons’ Nigerian operations are well on the road to recovery, according to a filing with the Nigerian Stock exchange reported by the New Telegraph.

The group posted a profit of N589.56 million for the half year ended November 30, 2017, up 304.03 percent on the same period a year earlier, thanks to a storming second quarter when the group transformed a loss of N181 million into a profit of N1.049 billion.  

Turnover was also up for the first half, growing 23 percent to N41.12 billion and operating profit reached N3.88 billion, down 10.72 percent.

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