Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

PZ Cussons Nigeria Falls to 2-Month Low on Profit: Lagos Mover

Aug. 1 (Bloomberg) -- PZ Cussons Nigeria Plc, a consumer products manufacturer, slipped to the lowest in two months after reporting a 55 percent drop in full-year profit.

The stock declined for a second day, falling 2.1 percent to 24 naira by the close in Lagos, Nigeria’s commercial capital, the lowest since May 31.

Net income for the 12 months through May dropped to 2.54 billion naira ($15.8 million) from 5.7 billion naira, the Lagos-based company said yesterday. Revenue rose 10 percent to 72.2 billion naira. The company proposed a dividend of 43 kobo per share.

“This is disappointing as it fell below the market expectation,” David Adonri, chief executive officer of Lambeth Trust and Investment Co., said by phone today. PZ Nigeria’s dividend pay-out has been “stable” at about 70 kobo, and investors expected it to maintain that, Adonri said.

Link to Company News:{PZC LN <Equity> CN <GO>}

To contact the reporter on this story: Vincent Nwanma in Lagos at

To contact the editor responsible for this story: Dulue Mbachu at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.