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PZ Cussons Shareholders Get N3.22 Billion Dividend

Shareholders of PZ Cussons Nigeria Plc would receive a total of N3.22 billion as cash dividends for the immediate past business year.

The board of directors of PZ Cussons Nigeria has recommended distribution of N2.42 billion as final cash dividend, bringing total cash payout for the year to N3.22 billion.

The company had earlier this year distributed N794 million as interim cash dividend.

Shareholders on the register of the firm as at close of business on September 14, 2015 will receive a final dividend per share of 61 kobo in addition to earlier interim dividend per share of 20 kobo, representing a total dividend per share of 81 kobo. The final dividend will become payable on September 30, 2015.

Key extracts of the audited report and accounts of PZ Cussons Nigeria for the year ended May 31, 2015 showed that total sales rose marginally from N72.90 billion in 2014 to N73.12 billion in 2015.

The company’s top-line cost of sales plunged by 1.9 per cent to N52.67 billion in 2015 as against N53.71 billion in 204. However, operating expenses increased by 7.1 per cent from N12.89 billion to N13.8 billion.

The company’s financing costs rose by 215.4 per cent from N141.05 million to N444.86 million. Consequently, profit before tax fell  by 5.66 per cent from N6.95 billion to N6.56 billion.

Profit after tax also declined by 10.7 per cent to N4.6 billion compared with N5.1 billion in the previous year. Earnings per share dropped by 11.72 per cent to N1.03 as against N1.16 in 2014. The conglomerate’s net assets meanwhile inched up 2.67 per cent from N42.54 billion in 2014 to N43.67 billion.

 

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Comments (1)

  1. […] PZ Cussons Nigeria Plc will pay N2.422 billion as dividends to its shareholders following the approval granted its board by its shareholders. […]

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