Business

PZ Cussons Nigeria extend losses in H1 2023/2024 to N73.8 billion as FX woes bite hard  

PZ Cussons Nigeria Plc has unveiled its financial results for the second quarter of the fiscal year 2023/2024, concluding on November 30, 2023.


The company reported a pre-tax loss of N73.8 billion, marking a significant downturn of 895% compared to the N9.3 billion pre-tax profit achieved in the same period of the preceding fiscal year. 


In Q2 2023/2024, the group accrued a pre-tax loss of N35.2 billion, marking a 548% year-on-year decline from the N7.8 billion pre-tax profit accrued during the corresponding quarter in the previous fiscal year.