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PZ Cussons Nigeria reports 3.2 bn loss despite revenue increase

Published by Guardian on Sat, 29 Jun 2024


PZ Cussons Nigeria Plc, a manufacturer of household and personal care products, has released its earnings report for the fourth quarter ended May 31, 2024, reporting a net loss. The company saw significant growth in sales but faced a net loss compared to the previous years profit. For the fourth quarter, PZ Cussons reported sales of 41.53 billion, a substantial increase from 26.97 billion recorded in the same period last year. READ ALSO: FGs fiscal recklessness is betrayal of democracy Peter Obi Despite the increase in sales, the company faced a net loss of 3.2 billion, a stark contrast toThe post PZ Cussons Nigeria reports 3.2 bn loss despite revenue increase appeared first on Guardian Nigeria News.
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