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.

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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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