WorldStage Newsonline– PZ Cussons Nigeria Plc, a publicly listed Nigerian subsidiary of Manchester based PZ Cussons Holdings and manufacturer and distributor of consumer products such as detergents, toiletries, soaps and home appliances has released its annual report and consolidated financial statements May 31, 2020 with 10 per cent revenue decline to N66.993 billion from N74.336 billion in full year 2019.
The company reported a loss after tax of N7.240 billion during the year from a profit of N1.156 billion in 2019.
Meanwhile, while the company saw an improvement in revenue for its first quarter ended 31 August 2020 (Q1 2020/21) by 18.3% to N18.7 billion from N15.808 during the same quarter in 2019, it reduced its loss by 80.6% to N212.358 million from N1.096 billion.
