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Author Topic: PZ Cusson reports N15.01bn consolidated revenue Q1 2014 despite insecurity  (Read 3665 times)

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Offline jchima14

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Despite insecurity in Northern Nigeria which has continued to stifle businesses, PZ Cusson plc, manufacturer of household consumables, has reported N15.01 billion consolidated revenue for the first quater period which ended August 30, 2014 (Q1 August).

?In Nigeria, disruption in the North of the country has continued to worsen, resulting in a decline in sales in that region,? the company said in a September 23 note posted on its website, saying ?good growth has continued in the South of the country.?

PZ had a better management of direct costs attributable to projects as gross profits were up by 1.07 percent to N4.04 billion in the review period from N3.97 billion the preceding year, while gross profit margin remained flat at 26 percent.