PZ Cussons Nigeria Plc 12 Months 2017 Financial Summary

12 Months Report PZ CUSSONS PLC
	2017 N'000	2016 N'000	change	Year End
Revenue	79,630,111	69,527,537	15%	May
Profit before taxation	4,811,169	3,148,196	53%
Profit for period	3,686,597	2,129,689	73%
Issued Shares (Units)	3,970,477,045	3,970,477,045
Basic Earnings Per Shares (Kobo)	84.00	47.00	79%
Last total dividend paid (Kobo)	50.00	50.00

PZ one of the few companies that have their year end out of December, released its full year result today.

The Company showed an impressive performance on all ends as the above summary depicts.

Although, the EPS increased by 79% it still maintained a dividend payment of 50k as it was last year.

Selling and Distribution expenses were moderated within the period under review. This shows that the management actually paid keen attention to those cost heads.

The performance would have been out of this world but for the loss on Forex that grew from 2.8billion in 2016 to 8.7billion in 2017. This represented 210.71% loss on Forex against last year. I belief with the current stability in the Forex Market now, the company should be able to reverse this going forward.

Nigeria remains a major part of its Market as more than 94% of the revenue was generated in Nigeria.

We awaits the Market reaction to the Stock tomorrow.