PZ CUSSONS Report over 400% decline in PAT in Q1’19

The unaudited financial report for the period ended, March 31, 2019 revealed a decline of 435% in Profit after Tax, closing at a deficit of N1.095 bn away from 2018 quarter one deficit of N204.6 mn.

The manufacturer and seller of consumer products and home appliances recorded a marginal decline in topline figures to stands at N15.808 bn in Q1’2019 below N15.895 bn recorded in Q1’2018.

The earnings per share dropped by 435.49% while the current period’s PE Ratio is at -25.36x and the earnings yield at -3.94% with reference stock price of N7.00 as at the day of computation.

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