PZ reports N74.54bn as turnover, PAT rises by 454.91%

PZ Cussons Nigeria Plc has published an impressive Q3 results for the nine months period ended 28 February 2022. The Company achieved significant growth in its topline and bottom line figures.

A turnover of N74.54 billion was reported for the nine months period, up by 24.27% from N59.98 billion reported the previous year.

Profit after tax soared by 454.91% to N5.64 billion from the PAT of N1.02 billion reported the previous year.

Earnings per share grew to N1.42 from the EPS of N0.26. This translates to 454.91% growth in turnover.

At the share price of N9.30, the P/E ratio of PZ stands at 6.55x with earnings yield of 15.28%. 

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