Nigeria’s PZ Cussons Fights Off Inflation To Post 277% Rise In Profits.

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Leading conglomerate, PZ Cussons Nig Plc, released its Q4 2021/22 unaudited results for the period ended May 31, 2022. Reporting a profit of N758.37 million, representing an 11.71% increase year on year.

The company’s performance comes after a year of high inflation; during which consumers and businesses both had to contend with the rising cost of products and services. As a result, buyers now pay more for the same amount of goods.

PZ makes money when it sells household and personal/body care products, as well as electrical items such as air conditioners, amongst others. The company also makes money from scrap sales and rental income, not excluding profit from disposal and impairment of fixed assets.

-Nairametrics.

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