PZ Cussons, Fortis MFB Post Profits

PZ Cussons
  • PZ Cussons, Fortis MFB Post Profits

PZ Cussons Nigeria Plc has posted a full-year group pre-tax profit of N4.81bn.

For the full-year period ended May 31, 2017, its group revenue rose to N79.63bn compared to N69.53bn reported a year ago.

Its group profit before tax of N4.81bn was an improvement on last year’s PBT, which stood at N3.15bn.

Meanwhile, Fortis Microfinance Bank Plc also posted half-year pre-tax profit of N967.9m.

For the half-year ended June 30, 2017, its net interest income stood at N1.12bn compared to N692.6m recorded in the half-year period of last year.

Its profit before income tax of N967.9m was an improvement on that of the corresponding period of last year, which stood at N382.8m.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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