PZ Cussons
Nigeria Plc, has approved a total dividend payout of N3.2 billion or 81k per
share as dividend for its shareholders in the financial year ending 2015.
At the 67th
yearly general meeting of the company held in Calabar, the company declared a
final dividend of N2.4 billion or 61kobo per share in addition to N794 million
interim dividends or 20kobo per share approved earlier in the year bringing the
total to N3.2 billion.
Giving
details of the company’s performance to shareholders, the Chairman
PZ Cussons, Chief Kola Jamodu said in spite of the adverse economic condition
including increasing competition, “the consolidated top line (turnover) grew by
0.3 percent from N72.9 billion to N73.1 billion”.
However, he
said, “profit before taxation (PBT) dropped by 5.7 percent from N6.95 billion
to N6.56 billion due to the impact of the significant exchange loses that were
incurred due to the devaluation of the naira during the year under review. Over
all, it is gratifying to note that after taking into account of the tough
operating conditions and the competitive environment, our company performed
satisfactorily against peers in the sector.
The company's balance
sheet remains strong with total assets of N67 billion and no debt.
Credit: ngrguardiannews.com
No comments:
Post a Comment