PZ declares 25 kobo dividend to shareholders, grows PAT by 123.52%

PZ Cussons Nigeria Plc on Thursday published its audited report for the year ended 31 May 2021.

 The result shows year on year growth in the company’s top line and bottom line figures.

A turnover of N82.5788 billion was reported for the 12 months period, up by 23.26% from N66.993 billion reported the previous year.

Profit after tax significantly grew by 123.52% to N1.695 billion from a loss position of –N7.208 billion.

Earnings per share increased to 37 kobo from a negative EPS of –N1.74 reported the previous year.

At the share price of N5.4, the P.E ratio of PZ stands at 12.65x with earnings yield of 7.91%.

A final dividend in respect of the year ended 31 May 2021 of 25 kobo per share amounting to a total of N992.6 million was declared by the Board of the Company.

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