PZ Cussons Nigeria Plc (PZ), a consumer products manufacturer, rose to a two-month high after saying revenue for the six months through November rose 21 percent.
The stock gained 0.8 percent to 29.64 naira in Lagos trading, the highest closing price since Nov. 29.
Revenue in the period rose to 32.35 billion naira ($202 million) while net income fell 57 percent to 786.9 million naira, PZ said in a statement published on the website of the Nigerian Stock Exchange today.
To contact the reporter on this story: Vincent Nwanma in Lagos at firstname.lastname@example.org
To contact the editor responsible for this story: Dulue Mbachu at email@example.com