PZ CUSSONS NIGERIA PLC Q1'17/18 - FY’18 begins with a loss as FX ove...

FY’18 begins with a loss as FX overhang persists                                                                               After recording a modest revenue growth in FY’17, PZ maintained the positive sales momentum in the first quarter of its FY’18 financial year as topline rose 13% y/y to ₦18.9 billion, 7% above Vetiva estimate of ₦17.7 billion. Despite the impressive topline figures, PZ’s bottom line slipped back into negative after recording impressive performances in the two prior ...