Thursday, January 17, 2019 9:26:43 AM- Nigerian Stock Exchange.

  PZ stock gains on earnings beat


Dec 28 (Lagos) - PZ Cussons Nigeria Plc ( PZ ) released its H1 18/19 results today, reporting a 15% y/y decline in revenue to N 35 billion, and a 107% y/y increase in PAT to N 1.2 billion. 

The stock gained 4.09% in today's session to close at N 11.45.

The stock has lost 44% in 2018. The shares currently trade at about their book value. 

That 35% decline in top line was ignored by the market today but next week and next year it could come back to trouble the stock.  

reporting for on Friday, Dec 28 2018 from Lagos, Nigeria

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